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THE CHINA MAIL, APRT
6, 1938.
STORMY SESSION IN FRENCH CHAMBER ON THE BLUM FINANCE MEASURES
Paris, To-day.
"A great nation cannot live like a shopkeeper toss- ing and turning in bed at night and wondering how to meet his bills," said the Premier, M. Leon Blum, in a two-hour speech in the Cham- ber of Deputies yesterday in the course of a stormy debate on the Finance Bill.
By the Bill, M. Blum plans to raise an additional £61,000,000 a year for rearmament. M. Blum
:
added that £500,000,000 of frightened money was either hidden at home or had been sent abroad.
"We cannot borrow abroad and GLOOMY PICTURE
cannot renew our foreign loans. We wish to avoid war. We must live, we must pay, we must endure. "Normal" sources are insuficient, so we must borrow and also take other measures to gather money."
It was expected last night that a division on the Bill would not be reached till 3 o'clock this morning.
-Reuter."
FATE OF GOVERNMENT
Paris, To-day.
OF WAR PERIL
Paris, To-day.
When the Chamber session was resumed, M. Blum painted a gloomy picture of the threat of war, and declared that he wished to speak openly.
M. Blum said the deficit would continue to grow and would reach
The fate of the Popular Front about 50,000,000,000 francs during Government depends on M. Blum's the present year.
Finance Bill.
་
The Treasury needed one mil-
In the Bill no figures are men-liard francs more each week than tioned in connection with revalua- it receives.
About 80,000,000,000 francs had tion of gold holdings of the Bank
of France, but the plan for expen-been lost to French industry owing diture is clearly defined.
to the flight of expital
It involves, four milliard francs in respect of obligations arising out of the ordinary budget deficit,
INTERNATIONAL CRISIS“
15.9 milliards in national defence, The internal financial situation 3.3 milliards on public works, 2.5 in France was dependent to milliards for pensions, 1 milliard great extent
on the international
on the Post Office, 8.7 milliards to situation, and the international cover the railways deficit and 13 crisis had obliged France to de milliards for sundry purposes, prive business of many milliards of making a total expenditure of 36 francs in order to carry on theç- milliard frencs. Trans-Ocean. armament programme.
"ORGANISED STEALING”
Paris, To-day.
No further loans could be placed on the market.
Speaking briefly on the interna-. Įtional situation, M. Blum said that Yesterday's debate in the Cham-France would do everything in her ber on the Finance Bill was one of power to preserve peace in Europz the stormiest seen for many a day, and the Government was united. and the president of the Chamber its desire for peace.
M. Herriot, was obliged to inter-
vene several times to prevent de
FRANCE'S POSITION
puties from coming to blows. A' No one need fear
one stage he temporarily adjournFrance, but France act
ed the sessio..
international developments.
During the speech of the Fin a certain amount of apprehension ance Rapporteur, violent alterca-land she must therefore be prepar tions occurred between Left anded for the unavoidable should it Right
occur.
When he began to speak of the
The gold reserve of the Bank of capital levy, the Rapporteur war France should under no circum- interrupted by Rightists whe stances be further reduced, and în -shouted: That is organised case of conflict of any kind, France
stealing."
must take steps to protect State property.
M. Herriot suspended the sessior for ten minutes. Trans-Ocean:
CHAMBER ADJOURNS
Paris, To-day.
M. Blum concluded by urging the Chamber to have confidence in the Government-
Ocean.
After M. Blum had agair address WEATHER FORECAST
ed the Chamber, last night urging
acceptance of the Finance Bill, the
Chamber adjourned at 9.30 to give
The Royal Observatory
the various parliamentary groups that the anti-cyclone has
ity to consider the eastward to Japan
to be adopted: Trans choos, and is now.
-DEBATE UNFINISHED
Paris, To-day.
derate
A B. Half, of EMS. Thracian. The debate in the Chamber of has reported the loss of a guitar Deputies on the Finance Bill valued at $20 between St Franci adjourned at midnight and will be Hotel and Wanchai He resumed
left it in a rickshaw or a motor
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