CAPITAL LEVY IS NOT MENTIONED BY FRENCH COMMITTEE.
GREATER CONTROL OF FINANCE IS WANTED FOR M. CAILLAUX
By Telegraph.—Prena Assn.—(Jopyright. Reuter’s Telegrams. (Received July 5, 10.20 a.m ) PARIS, July 4.
There is no mention of a capital levy or compulsory mobilisation of securities in the report of the Official Committee of Experts appointed to formulate a financial programme. The report recommends Parliament temporarily to waive certain prerogatives regarding expenditure, and that M. Caillaux be given a greater degree of control in financial matters. It urgfes retrenchment of expenditure, a revision of the taxes bn the turnover of the sugar and drink businesses, and the immediate conclusion of debt-fund-ing agreements with Britain and America, after which long term loans should be negotiated and the franc ultimately stabilised at a figure between the cost of living index and the prevailing market rate of the franc,
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Bibliographic details
Star (Christchurch), Issue 17890, 5 July 1926, Page 8
Word Count
143CAPITAL LEVY IS NOT MENTIONED BY FRENCH COMMITTEE. Star (Christchurch), Issue 17890, 5 July 1926, Page 8
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