Paris, June 28.
The depressing effect of France's Jadherence to the gold standard was pointed out by M. Paul Renaud.
He cited Great Britain, the Dominions and the whole of America Jas recovering nations, while things were growing worse in France, Italy. Holland, Belgium, Switzerland and Jother nations attached to the gold bloc.
Britain, he asserted, was back to the 1929" level of business, whereas business was shrinking in France. France must either deflate prices or Jéevaluate. the franc. Devaluation was, decried everywhere except in
TO Comparing France's the countries where It was practised. prices with world prices, M. Renaud pointed out that wheat cost Fr. 44 a quintal in Canada and Fr. 130 a quintal in France; a. six-cylinder motor-car joost Fr. 6,000 in the United States Jand Fr. 38,000 in France: petrol was 125 centimes for five litres in the [United States and eleven francs in [France; and meat in France was 50 per cent. dearer than elsewhere.
"The Socialist Amendment to te Fiscal Reform Bill was rejected by ithe Chamber by 382 to 175 votes—
Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.