THE FRENCH BUDGET

Otago Daily Times, Issue 20291, 27 December 1927, Page 9

THE FRENCH BUDGET

PASSED BY THE CHAMBER. A LENGTHY DEBATE. / (Pres« Association—Bj Tclegraptj'—Copyrig'ot ) PARIS, December 24. (Received Dec. 25, at 5.5 p.m.) At half an hour past midnight the Chamber of Deputies, by 393 votes to 125, passed the Budget alter many weeks of debate, during which M. Poincare threatened to resign if it was not passed before Christmas.—A. and N.Z. Cable. VICTORY FOR M. POINCARE. PARIS. December 25. (Received Dec. 26, at 10 p.m.) The Chamber passed the Budget shortly after 6 o’clock in the morning, having worked throughout the night, with M. Poincare cracking the whip and insisting that he would not permit the deputies and senators to take the Christmas vacation until the work was done. M. Poincare scored a strong victory because he over-rode the efforts of the Socialists and Conpnunists to burden the Budget with increased wages for road menders, who are State employees. The Chamber finally supported M. Poincare, and compromised bv allotting 12,000,000 francs for this purpose. The final Budget vote was 400 to 135, after which the Chamber adjourned till January 10. Begislators rushed from the seats into the streets, and joined the crowds.—A. and N.Z. Cable. GERMAN REPARATIONS DEBT. NOT SUBJECT TO MODIFICATION. ® PARIS, December 25. (Received Dec .25, at 10 p.m.) In winding up the. Budget debate, M. Poincare identified himself with the statement of M. Dubois, ex-president of th e Reparations Commission, to the effect that the total German reparations debt, fixed by the Reparations Commission at 132,000,000.000 gold marks at their value of 1921, was definitely not subject to modification.—A. and N.Z. Cable, THE GERMANS AMAZED. A WAVE OP BITTERNESS. BERLIN, December 25. (Received Dec. 26, at 10 p.m.) The speeches of M. Dubois and M. Poincare created a wave of bitterness, rudely disturbing Christmastide peace, and they are regarded as a reply to Mr Parker Gilbert’s suggestion that the total German reparations should be decided. The Tagezeitung asserts that the Dawes Plan waa intentionally experimental and M. Poincare’s rigidity is inspired by the desire for vengeance and determination to destroy Germany.—A. and N.Z. Cable.