CAILLAUX DOOMED

Wanganui Chronicle, Volume LXXXII, Issue 19438, 26 October 1925, Page 7

CAILLAUX DOOMED

FRENCH FINANCIAL CRISIS I INFLATION IMPERATIVE BUT FATAL CTRCUMSTANCES COMBINE AGAINST MINISTER. Received Oct. 25, 5.5 p.m. LONDON, Oct. 24. i The “Central News’ ” Paris corres* pondent states: The financial crisis has reached an acute stage. Cabinet’! position is critical. I The “Daily Express’ ” Paris correspondent states: The crisis is due to the inflation policy of M. Caillaux, who ii I accused of trying to become a financial Mussolini. He will probably resign ot • Monday. If he does not, the Govern* ‘ moot is likely to be defeated later ii the week by supporters of a capital | levy. i The “Daily Herald’s’ ” Paris eorrew pondent states: “Failure of the recent gold conversion loan, which realised only sixty millions sterling instead of three hundred millions, together with the breakdown of the Washington Debt ‘Conference, has given Af. Caillaux’■ [enemies a weapon. Ho is destined to I fall, as all his predecessors have fallen. Nevertheless, in default of a real capital levy, which even the Radicals ar< afraid of introducing, further inflatiol is imperative.”