Later, one Cabinet has been formed of Foreign M. Cailtaux Pierre Laval Mi. Durant Minister of W Guitlaumat Minister Minister of the Contes M, Leon Perrier Minister of Conimerce Chapsal Minister of Education 7/31. Nogare-The appointment of M. Caillaux aus Vice-Premier means the institu tion of a virtual doumvirate in order to meet M. Caillaux's reluctance to necept the portfolio of Finance without a controlling influence in that he had not, departed stipulation but "naturally do not see any difficulty in sharing el with amy friend BIN.
M. Caillaux further insisted upon the inclusion of two of his staunchest friends M. Chapsal and M. Laval.
It is noteworthy that the Cabinet ix mainly Radical-Socialist, with 2 leavening of members of the Centre Party, The Ministry contains only four men as. com-with M. Briand'y last Cabinet, Caillaux, the famous soldier' General Guilaumat, Chapsal and M. Nogaro, though the changes among—the "under-secretaries are more numerous The departures comprise Painkvé (War), M. Demonzie (Corimeree), Lamoureux (Be M. Peret Successive candidates love confidence after a heart to heart talk with the lie Minister, M. Raoul Paret, ey the manager of the Banque de Fraive on the real facts of the Treasury. xX was the latest-man to be approached but he repeatedly} refused to accept the portfolio unimultaneotsly headed. the! ment, confidently predieted that M. Briand compelled to approach fan expert who iv not a weniber of Parliament. In the meantime he canvassing party leaders regarding Paris, June 24, The newspapers emphasize that' the new Cabinet, which is spoken of favourably in Parliamentary circles, sinly technical in character includes, besides M. Caillaux, five distinguished financial experts name-_ ly M. M. Pietri, Duboin Chapsal. Nogaro and Datreil.
It is expected that the new Cabinet will fol ergotic polic According to the "Echo de Paris," the programme of M. Caillaux comprises drastic economi for the stabilization of the frane and thorough exai tion of the agree-
Text read from the printed page and cleaned; old type leaves the occasional error.