“MOST CRITICAL POSITION.
Herriot Cabinet in Difficulties. GOVERNMENT’S DAYS BELIEVED NUMBERED. By Cable—Press Association —Copyright. Australian and N.Z. Cable Association (Received 5.5 p.m., April 10.) PARIS, April 9. Indications are that M. Herriot’s Government is in a most critical. position. It appears that the significance of the Senate’s vote lay in the fact mat owing to a misunderstanding in recording the vote, the Government was actually in a minority of one. ■M. Herriot, however, afterwards informed a deputation of Radical Socialists that the' Government was cnly obliged to take notice of the result officially announced, and were entitled to ignore the subsequent ratification. The deputation affirmed the party’s solidarity, and urged M. Herriot to remain at his post. ’ It is understood M. Herriot replied that he would only resign if defeated on a major issue. ‘ There ■ i§, however, a general feeling that the Governments days are numbered. (Even if-’M. Herriot’s measures pass the Chamber of -Deputies by a small majority; their defeat is certain in the Senate. Opinion is that President Doumergue will then invite M. Painleve to form a Ministry, pending new elections. It is rumoured that Cabinet is endeavouring to conciliate its opponents by.postponing the capital levy, . and. proceeding with other financial measures.
SOLVING FINANCIAL TANGLE. NEW FINANCE BILL EXPLAINED. By Cable—Presj Association—Copyright. PARIS, April 8. ' The preamble to M. Demonzie’s Finance Bill admits that the legal limit of the note issue was exceeded, this year, the practice being rendered possible by the manipulation of various items in the weekly balance of .’the Banque de Franoo, but must .be rterminated. The Banque demanded that the position between itself and the Treasury should be legally regularised. The Government considers that the increase in note issue should be limited, as indispensable to the integrity of the Banque’s credit and the healthy administration . of the country’s finances., . < '/ (
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Bibliographic details
Timaru Herald, Volume XCVIII, Issue 18084, 11 April 1925, Page 9
Word Count
306“MOST CRITICAL POSITION. Timaru Herald, Volume XCVIII, Issue 18084, 11 April 1925, Page 9
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