Paris, July 19.
Further steps are impending in the French Government's battle to save the position of the national treasury and the franc, declared the Finance Minister, M. Georges Bonnet, to the press last night after a long interview with the Premier, M. Camille Chautemps. The two statesmen were discussing the next ancial measures which are to be proposed before the Council of Ministers on Tuesday.
M. Bonnet stated that the effort already asked of the country had permitted balancing the ordinary budget, "but this does not suffice; we have expenses above and beyond the budget, which for the end of 1937 and all of 1938 involve extremely ations for the Treasury.
Economies to be Practised The Treasury is not contemplating further taxes.
After the financial burden that has been shouldered. no supplement country to-day, "he Finance Minister tary charge cane demanded of the
continued. "I am) therefore obliged to achieve economyes in expenditure, and a rigid control over all expenses of the Treasury The balancing of the ordinary budget and the paring of the extraordinary budget to the strict necessities of national defence will bring back confidence to holders of national bonds, he said. The present rate of these bonds does not now correspond with the state of national credit I intend," he continued, "to be particularly vigilant over state bonds Our is difficult because we have such important sums to defence. My programme recovery is being carried out methodically. however, and for this protracted task. I have unanimous support."—Hzvas.
Text read from the printed page and cleaned; old type leaves the occasional error.