The Archive · 1925

Paris; May 22

The Cabinet approved to-day of the measures, which M. Caillaux, mance Minister, will introduce in the Chamber of Deputies: on Monday, (0 ensure a full equilibyiom of ithe Budget by fresh taxes and to fereate two new commissions (1) to codify. and simplify the fiscal enact~ ments; (2) to consider machinery {to control petroleum, coal, ete.

With regard to M. Caillaux's new financial schemes, ihe newspapers state that the further revenues re-4 willie obtained by an in-in the postal and telegraphic an increase in tobacco rethe establishment of an also, an increase fof all schedule taxes, a unified stem of game permits which will increase their cost, and which will replace the sugar tax, Te is estimated that these taxes will produce for 1926 the sum of Fra, " 4,000,000,000 the amount required to' balance the budget. Supplementary mengures include stricter supervision of income ta The newspapers state that the Inland Letter rate will be increased to 80 centimes from June 1. increase of the telegraphic rate, as described yesterday, is under consideration. " There is, apparently, no question of increasing the postal fond telegraphic charges abroad.

May 26.

Bitter pills are foreshadowed in ay appeal to the patriotism of the nation issued by M, Caillaux (ALin-ister of Finance) in laying down 'regime "of many taxes, heavy taxa-m_of all incomes without. exception und the inexorable taxation of wealth," which aims in the first, place "at the rehabilitation of of France, preparatory to returning the gold standard, Caillaux regretted that the ied nature of the financial pharmacopoeia necessitates. apply' old ard painful remedies: He hop: fed that the public would reinvest the proceeds of the short-term lean Jcontinually maturing, and promised to introduce a measure to cover pos sible crises thereanent.

Caillaux declared that finan cial" reforms would take several years, because when the present certain obligations were met, like the current budgetary situation, reconstruction of liberated regions Jand inter-Ailied debts, France still would be faced with a crushing in" ternal debt of two hundred "and ighty milliard francs—Reuter,

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

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