The Archive · 1925

Steady Rise in Prices Dee. 14

An ominous symptom of the! politico-financial situation was revealed when the Finance Committee the Chamber finance bills dealing with further taxation and the Note: "An earlier telegram stated that notwithstanding the Chamber!

Finance Commission's rejection certain of M, Loucheur's financial proposals the Cubinet including MIN. Toucheur would remain in office and that AT, Loucheur would seek a com promise with pointed Dec. 16.

MIN. Doumier has been appointed Minister of Finanee.-

Dee. 16, Se jor Doumer, who ix the sixth] we Minister in six months, held the same position in 1895, _after which for five years he was Gov ror-General of Indo-China. His last] office was Finance Minister under M. Briand in 1921. He has a wide! reputation, especially in the Senate, as a sound financial authority on somewhat conservative lines.

The frane recovered two points on Loucheur's resignation, sinking fund, The discontent among business! men in connexion with M. Lé lived as a stopeap is the opinion of widely the whole of the evening proas, sone a solemn pledge has been taken by all the Jocal tradespeople to refuse to pay all taxes if the proposals are adopted, while the Nimes Commercial Union has decided on a two hour strike asa protest.

The fall of the frane is causing The Cartel parties are complete directed. that a statement with the appointment. eir" says that M. Doumer is ready to accommodate proposal to the ideas of all parties, bhut the newspapers unanimously, predict that he will not go far.

"La Liberte" says that the Cabinet will soon fall and government by National Union will become mev

Text read from the printed page and cleaned; old type leaves the occasional error.

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