The Cabinet spent the day elaborating their financial proposals and agreed to the so-called capital] Jew, which will take the form of 1 permanent "exceptional tax on all form, of wealth without disti tion," giving taxpayers two options commuting, namely, by the mediate payment of " lump sum ea advantageous terms qr by payment} of instalments spread over 12 years, Nov. 7.
The Council of Ministers tox sdoptell M, Painlevé's financial plan, hich the Government proposes to vush through Parliament by November 12, the reason being that the Treasury account with the Bank of] France Is nearly overdrawn and ai thorizing advances milliards of franes to meet urgent! Treasury liabilities.
On behalf of the Left majority of the Finance Committee, M. Malvy and Lamoureux submitted criticisms of his proposals to M, Painlevé, who his. willingness to accept ts but refused to agree to total transformation of the proposals or to consider principles that the delegates submitted.
Later.
According to "Lo Journal," Cartel members of the Finance Committee, with only one dissentient, have unanimously rejected the Govern. ment's financial proposals.
Later.
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