POINCARE’S VICTORY

Sun (Auckland), Volume II, Issue 388, 23 June 1928, Page 9

POINCARE’S VICTORY

STABILISATION OF FRANC SURPRISE FOR CHAMBER (United P.A. —By Telegraph — Copyright) (Australian Press Association.) PARIS, Thursday. When the Prime Minister and Minister of Finance, M. Poincare, rose to make his statement regarding the stabilisation of the franc, the Chamber of Deputies was crowded. The members were faced with one of the surprises that are so frequent in the political life of France. It was reliably reported that M. Poincare had informed his colleagues in the Cabinet that, because of the quarrels which had broken out in consequence of the new Ministerial appointments and the lack of union in the new Chamber, he intended to resign as soon as the stabilisation had been accomplished. The belief was general that next week would see the end of the Ministry, but consultations with the members of the Right, who were dissatisfied with the appointments from the Left, had modified his fears. Directly M. Poincare opened his stabilisation speech, he flung out a challenge to the Chamber to remove the Government, if it wished to do so, directly the stabilisation measures were passed. But he asked that nothing should happen until this had been done. The applause showed that his request was approved. It is generally agreed that M. Poincare within four hours had gained a victory more complete than had been anticipated, and that he will obtain the required majority. M. Poincare said, amid applause, “I do not think the present war debt arrangements with the United States and Britain can be ratified without reservations.*'