Poincare's Cabinet Well Received: All Parties Except "Socialists Combined in Effort to Revive the Frane:
Marked Improvement in London Exchange London, July 23.
The frane is steadier.
It opened at 215 to the Later.
At the closing the French frane had improved to 205.5 and the Belgian to 201.5.—Reuter.
Tuly 24.
French francs pened om London to-day at 202 to £1. They later improved to 200 and closed at 1973.
Belgian francs closed at 193}.
Paris, July 23.
'M. Barthou is Minister of Justice, Queuilles Minister of Agriculture und M, Falliéres Minister of Labour,' riot be adopted. On the other hand Parliament will probably sit until the middle of August and vote a comprehensive series of measures ™M, Poi ina statement to the! involving four to five milliards franes didn't jereased taxation, direct oF forming: will figure largely. indirect, which succession duties the very brand Ministry of national union representative of all. partie He did not attempt to allocate the portfolios on a percentage basis: if had given attention to all the Siggestions that had been made, he would have had to spend an endless time seeking the ideal solution and Jost, at present there was no time to be
M, Poinearé was cheered by the] crowds on leaving the Elysee, The Government has ruled oura capital levy, a moratorium or fresh inflation and will honour its debt agreements though it will, seek modification of the Washington convention with a view to the insertion of the transfer safe-guard clauses, Finally the stabilization of the frane will be left until the exchange position has been remedied.—-Reuter, Six Former Premiers
Text read from the printed page and cleaned; old type leaves the occasional error.