Paris, Apr. 6. M. Demonzie submitted to the Cabinet to-day bills with which he Proposes to improve the financial situation of the State Treasury. The: first authorizes the Banque 2 France to issue Fra, 4,000,000,000 worth of new bunk notes This increase to Frs. 45,000,000, (000 of the Limit fixed for the inone of bank notes, which ix at present 11,000,000,000, will be met an exceptional voluntary contribu tion from the capital of the bank, int of which ix fixed fat 10 per cent. This tribution will be productive of i terest at 4 per cent. and all Treasur, bills will be accepted for payment? fat the current market rate with a slight bonus.
The product of the exceptional centribation will be ap non-acceptance of the foregoing, proposals.
AM. Demonzic has asked for a debate in the Chanber on this mat: ter to-morrow, when adoption of the Proposals will be made a question of confidence.
The Cabinet discussed M. Demomzie's proposals for two hours It adjourned till six this evening and will meet again to-morrow mor to confer with the Socialist leader, of a voluntary capital ix opposed to of a compulsory levs. Later.
After a meeting of two and" 1 half hours, the Cabinet decided to consider M. Demonzie's proposals at another meeting to-morrow, under the presidency of M. Doumergue. isters, at the conclu. state! opoxals, and tha a few details remained to be Apr. 7.
The final details of M. Demonzie's proposals, the drafting of which was completed at three o'clock this morning. provide that the payments of the extraordinary voluntary levy be spread over a period of five years. Taxpayers fai make seneral declara [of the levy will be taxed 0 lof their income-tax declaration, Commercial drafts will be accepted in payment. perpetual Government bonds bea interest at 34 per cent. or 4 per cet ler annum.
It is estimated that the cancellation of Government securities, 0 tributed as part of the levy. wil reduce the budget by Frs. 600,000,- 000 annually.
Later.
The Cabinet has finally" approved Demonzie's financial proposals.
Text read from the printed page and cleaned; old type leaves the occasional error.