In a speech delivered few days Jago, M. de Lasteyrie said that where-before the general election last, the pound sterling was at Frs. 66 itis now up to Frs. 88. May, French 6 per cent, Rentes were quoted a: Fre, 86. 90; they are now] down to Frs. 70. He estimated the 1925 Budget deficit at Frs._ 2,500, (000,000 and said that the Finance Committee of the Chamber proposed to raise the income tax and also. the tax on coupons and [dividends to such an extent that, int certain cases, the deduction from coupons of bearer bonds would amount to 25 per cent. M. de Lasteyrie wax probably not _unwi ing. for party reasons, to paint the nation in gloomy colours and to
Text read from the printed page and cleaned; old type leaves the occasional error.