Subordination to the Operation Reason for the New Issue for of the Young Plan Unlimited Amount Paris, Nov. 7.
The Ministerial declaration read in Jarliament to-day lays down the principles of foreign policy.
It promises that nothing shall be coneioded without Parliamentary ratification and that nothing will be submitted to Parliament capable of dimmiching French moral and political independence.
The declaration continues: "Efforts will be aimed at healing past irvita~ tion, the reinforcement of peace and tne development of understanding between the peoples. The evacuation of the Third Rhineland Zone selli be suburdiusted to the realization of the acosures calculated to ensure the operation of the Young Plan.
The defensive organization of the frontiers will be pursued, and the liberty of France's communications ith the Colonisl Empire will be London, Nov. 7 In the House of Commons to-day Mr. Philip Snowden, the Chancellor of the Exchequer, explaining the reasons for the issue of the five per cent, Conversion Loan, the prospects of which was published on November 4, said he felt it was most desirable to curtail the volume of Treasury Bills of which the amount had extensively increas in recent times. He stated that he cexpeeted future Exchequer operations. would be conducted on advantageous terms.
The now Government five per cent. loan is for an unlimited amount, It is issued at a price of 100 and will be redeemed between 1044 and 1964—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.