The threatened crisis between the Chamber of Deputies and the Senate over the Devaluation Bill was avert-to-day by a compromise, whereby 8 scheme of compulsory arbitration will replace the clause granting arbitrary powers to the Government.
'A. special tribunal, it is understood, will be established' to examine dis-utes on wages and kindred matters between employers and employees.
The bill, as finally approved by the Chamber, was by. the Senate late to-night after the defeat, by 155 Votes to 87, of an amendment to impose a tax of 80 per cent. on profits on stock market transactions instead of 50 per cent. as proposed, by the Chamber.
'The measure, as finally passed, provides for a' 50 per cent, tax on li futures operations, except in connection with Rentes and State bonds, between Sopiember 21 and 26, Following the passage of the measure through both Houses, Vincent Auriol, the Finance Minister, declared the extraordinary session of Parliament closed, whereupon Loon Blum, the Premier, and M. J. Paul-Boncour, Minister for League of Nations Affairs, left for Geneva—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.