The Archive · 1925

Mr. MacDonald Defeated

it Philip Cunliffe-Lister, Pre-int of the Board of Trade, replying to the debate, said that before Jan industry could obtain an inquiry it had to show not only that in som Exports totalled Fra, 3,563,000,- 000, oF 2,250,000 tons, which repre sents an increase of Frs. 866,000,00) and of 500,000 tons as compared with the same month of last M. Herriot's Herriot, the Premier, address if the Chamber of Deputies to-day fon the subject of the stability of the frane, which was causing disquiet, aid that, in spite of employment and an industrial crisis, Great Britain was returning to xold standard. The frane must do the same, cost what it may.

M. Herriot made an impassioned peal to discard party differences ud to re-establish wartime "unio sacrée" in the interests of bree of serving a healthy financial situation, He announced the abolition of the system of the bordereuu de coupons, instituted last year, which was designed to check evasion of income that competi that imports were abnormal. Ie tax payments on bearer securities, but which had resulted in the ex: said that there was no reason to! port of capital owing to resentment Suppose that 3 certain number of Jat what were considered inquisitorial duties would necessarily lead to a methods. general tariff. Every single duty ineiated the policy of poli to be proposed would be under the jHorrowing at a minimum and re~ direct control of the House of Commons from: start to finish by the full} paying at a maximum, reiterated the rejection of a capital levy and procedure of the Finance Bill.

He pointed out that in 1924 Great Britain's exports' of manufactures! were 25 per cent.less than in 1913, foreshadowed the punishment of fiscal fraud by imprisonment. He sat down amid cheers from the Left, and silence from the Right—Reuter,

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

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