The Archive · 1930

The French Budget Finally Passed

Paris, Apr. 16

After a game of battledore an ahuttlecork' between the Senate the Chamber of Deputies 0 minor amendments, the Budget finally passed to-day.

Ie shows a revenue of Frs, 50405, 90,000 and an estimated surplus of Frs, 66,000,000, The total reductions, which ar6 equivalent to approximately £40,00,- (0, will be devoted, among other things, to the following: a reduction of 7 her cent. on the turnover tax fresh food; and a diminution of the Income Tax, including a reduce tion from 25 to'18 per cent. on the tax on income derived from foreign securities—Reuter.

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

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