FRENCH FINANCE.
A MOMENTOUS DEBATE. THE CABINET'S DIFFICULTIES. PARIS, Nov. 17. The Socialist Party's decision not to contest the Government's, financial proposals is important in view of the opening of the Chamber to-day, when there will be a momentous financial debate, which is expected to last at least a month, and in which Herculean efforts will be required to obtain even a narrow majority for the Government's proposals in both Houses. The Government's difficulties are increased by the fact that the proposals must be voted on by December 8, when two and a-half milliard francs in Treasury bonds fall due for repayment. flavins no funds to redeem the bonds and in order to avoid resorting to inflation, the Government proposes to suspend payment and issue other bonds In exchange.
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Waikato Times, Volume 99, Issue 16653, 19 November 1925, Page 7
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129FRENCH FINANCE. Waikato Times, Volume 99, Issue 16653, 19 November 1925, Page 7
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