CIVIL WAR THREAT

Wanganui Chronicle, Volume 79, Issue 106, 6 May 1936, Page 7

CIVIL WAR THREAT

FRENCH ELECTIONS A DELICATE SITUATION NEW GOVERNMENT’S TASK [By Telegraph—Press Association —Copyright] ' Received May 5, 9.15 p.m. LONDON, May 5. The Paris correspondent of the Times says that the Front Populaire’s programme, although generally moderate, includes items which may lead to serious trouble if pressed unskilfully. Among these is the dissolution and disarmament of the Croix de Feu, which followers declare will lead to civil war, as the Croix de Feu claims 800,000 followers, armed and organised, who will resist dissolution. Another is in the reform of the Bank of France, which is expected to be placed under public control. This already is unsettling both large and small capitalists and causing fears of an embargo on the export of capital, which it is believed will lead to devaluation. It is hoped that the Opposition will give the Front Populaire a fair chance to govern and thereby prevent too drastic measures with resultant panic. The Daily Telegraph’s Paris corespondent says that M. Thorez stated: “Now we will be able to make a levy on large fortunes. ’ ’ The final state of the parties is: Left 381 Right 237 EFFECT OF RESULT HEAVY FALL ON MARKETS BANK SHAKE'S DECLINE PARIS, May 4. In addition to the frams depreciating 26| centimes, “rentes” dropped points and Bank of France shares by 750 francs. Industrials fell 10 per cent, as the result of the Socialist victory. Foreign securities arc in strong demand. The Regency Council of the Bank of France has been summoned to discuss the position. GERMAN COMMENTS VICTORY FOR MOSCOW DANGER OF SOVIET PACT BERLIN, May 4. The press, under headlines that the French elections are a victory for Moscow, says: “Perhaps England and others will now realise the reality of the danger against which Nazi Germany has protected all Europe, lhe results justify Herr Hitler saying on March 7 that, in assessing the danger of the Franco-Soviet Pa«et, he had to take into account the possibility of a Ped regime in France.”