1938-01-14 — Page 9

THE CHINA MAIL, JANUARY 14, 1938.

Page

TENSE ATMOSPHERE IN PARIS: FALL OF CABINET PREDICTED Chautemps Denies Cause For Panic Over Finances

Budget Balanced And Government Solvent

Paris, To-day.

Denial that there is any real cause for panic in the financial situation was made by the Premier, M. Camille Chautemps, in a fighting speech in the Chamber of Deputies yesterday.

M. Chautemps said the financial situation in December was satisfactory, and barring accidents, was on the way to creating confidence.

The postponement and reas- sembly of the Chamber was due to the Sociallists and ----

Com- munists, who were holding lengthy private sessions in the course of which questions were sent to the Government in regard to the Cabinet's proposed measures.

Apparently, these parties are still holding out for exchange control.ra

A deputation left the groups and interviewed M. Chautemps, after which it was stated that the Prime Minister might clari-. fy his references to the distur- bance of public order.

It is expected that after M. Chautemps has again address ed the Chamber, all the Popu- lar Front members will meet

agree upon a

common re-

The budget was balanced and the Treasury able to meet all obligations in the present quarter, but there had been social agitation and systematic agi-solution, failing which it is un- tation for a general strike, which has aggravated the country's nerves.

"Fortunately these troubles were which will later be presented to the now appeased

chamber, approving Chautemps'

“I categorically deny that in speech and expressing confidence in dealing with the strike I was dou- him. ble-faced. I consider that Labour

does not confflet with human sen.÷ EMPLOYERS CONDEMNED timents but I do not countenance M. Chautemps in his second speech revolt in the public services in the Chamber, did not refer to against the nation

derstood the Cabinet will meet,

indicating that the Government is considering resignation. Paris, To-day.

The Socialista, by 75 votes to 36, have decided tó. continue support of the Government. Reuter.

ہ تھی

CABINET

MEETING DECISION

Paris, To-day.

After yesterday's Cabinet meet- ing the Finance Minister, M. Georges Bonnet, declared that the Government was imanimously jecting exchange control and re- garded a balanced budget more than ever as indispensible.

It is expected that M. Chau- temps, the Premier, will announce in the Chamber of Deputies that taxation yields are satisfactory and urge the country to support the Cabinet's efforts to maintain social peace and proceed with financial recovery. Reuter.

nomy, termination of the tri-partite agreement with Britain and the Unit- ed States would be inevitable and would ultimately lead to establishment of a political dictatorship and the end of democracy, or

There would be a cleavage within the Popular Front.

TWO COURSES

Paris, To-day. Speaking to pressmen during an in- terval in the Chamber debate last night, M. Pierre Etienne, Flandin, the Any intermediate solution would- in- monetary measures, He tried to ex-Premier, said that the situation to- volve danger of using up the Exchange placate the Left groups, and paid a day was such that only two courses Equalisation Fund entirely, utilisation tribute to the Labour Confederation were possible.

of the gold reserves of the Bank of Either the Popular Front should be France and injury to the good name for attending the conference on in maintained, in which case exchange of France in the eyes of the world, dustrial unrest, adding that heavy control, supervision of private eco Trans-Ocean. responsibility rested on the employ- strikers who refused to attend.

“A social legislation will be vót- ed by Parliament which will duly approve thereof.

SECURITY OFFER

"In exchange for security, ers must recognise what Parlia- ment has done for them by renoun- eing all forms of illegality.”

M. Chautemps dramatically pro- duced a message from a foreign newn To the accompaniment of ap agency alleging that a Communist plause from the Centre and Right Putsch was timed for yesterday even- and various members of the Left, ing in France. He said the police M. Chautemps added: "I declare were dealing with the false report. with untroubled firmness that if

The Premier's speech was moder

certain people disturb the public ately applauded.—Reuter. peace the force of the law will des- cend upon them.”

ATMOSPHERE TENSE

SARRAUT NEXT?

Paris, To-day.

The atmosphere in the lobbies at The new currency crisis, in the the conclusion of the Premier's)

wer ́s opinion of Right Wing newspapers, speech was very critical, and it is is likely to result in resignation of strongly held that the Chautemps the Chautemps. Government, and its Government will not survive the replacement by yet another in the

M. Leon Blum, the Vice-Premier, long series of French Cabinets. was seen coming from the Chamber with a white set face.

night.

CRIMINAL ACTS

M. Albert Sarraut, the Radical Socialist, is generally regarded as Inext Premier if M. Chautemps re- Sisigns.

Chautemps, continuing, said that in the face of the criminal acts of this gravity there had not been ab- solute unanimity in approving ac- tions of the Minister of the Interior and in condemning criminals. This was the result of uneasiness and moral sickness in the country.

M. Sarraut, saya “Echo de Paris," could shift the Government axis to wards the Centre without offending the Popular Front.

Possible new Finance Minister, says the journal, M. Paul Reynaud. the well known Deputy and economic expert.

FRANC STABILITY

report

He declared that the government was resolved to obtain social pesce In London, says a press and balance the budget, and con- from the British capital, fears wer demned any control of exchange. held yesterday for stability

He concluded by asking the vari- French franc.

our parliamentary groups to meet City circles talk of the ' possible and decide their attitude towards necessity of coming to the aid of the his declaration, particularly in re: French Treasury through a new spect to Monetary· freedom. The loan, "which, however, would only be chamber then adjourned at 9:30 p.m. granted if certain guarantees are:

Share forthcoming. Trans-Ocean, SOCIALISTS ANTAGONISED

ANOTHER CHANCE-

Paris, To-day.

It is generally held in the lobbies that the speech did not strengthen the government's position and anta-

ised the Socialists of and Com munists, The radical socialist group had already met and passed a motion

The Chamber met again. 11.15 pm last night and the debate is expected to decide the fate of the Government.

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