Considerable further progress the re-equipment of existing fights of the Fleet Air Arm with a new type of aircraft is also provided for. in the new Chamber of Deputies: Tt has further been decided, itis JR] the supply of adafons) anitatreratt revealed. to accelerate considerably 10] guns to' existing ships, and_provsion Soca, ug Intern 18 for is "Purpose afoul tu the supplementary estimates and will be U8! continued in' future.
Total for Popular Front Parties 378) The supplementary estimates prondependent Magiesls "yr-nrsvess' vide algo for expenditare. consequent on the decision recently arrived at so tsin tu servic the four cruisers Total for Centrist Parties 337] Of the Hawicine class, Bemocraic Republican Unto Aa] These cruisers, which are at present Conservatives t/armed wih YS-inch guns. were fassed og finch cruisers. under the Total for Rightist Parties London Naval Treaty of 1930 and In sixty conttuencies of Paris and] were due to be scrapped by December the. suburbs, the Popular Front 31, 1096, in onder to bring the ured a total of 39 seats, 32 of which went t® Communist candidates, M, Edouard Herriot, former' Premi who I 'a Radical Socialist, leader and Mayor of Lyons, was Jumong those elected on Sunda; alled to secure an absolute majority of 0 per cent, in the first ballot, The second stage of the elections passed off quiet both in the capital and in the province, No incidents cruiser tonnage within the prescribed It has now been decided, and other signatory Powers have been informed, (hat instead of these four' vessels Being scrapped, three of them will have their 75-inch guns replaced by uns of 6.1 inch and be retained as art of future cruiser B tonnage while the fourth will be demilitarized and used as a cadet training ship, Singapore Base Requirements Bank of France Loss of Gold Paris, May 4.
A further loss of a milliard gold franes will probably be shown by the next balance sheet of the Bank of France, according to well-informed has gone to London, but the suggestion that the cause of this is the the British Equalization Fund has out-manquvred the Bank of France' fs scouted.
The British Control, it 1s pointed out, buys gold when the frane Is above 75 and sells when It is below, '7450, Thus it virtually operates as a bank of issue in conformity with the rules of the gold standard.
Following announcement of the results In the French elections, heavy, nervous selling caused a sharp decline In france, The British Exchange Equilization Fund, after efforts to stem the tide fat around 75%, yielded before the inrush of further selling waves which took the frane to 75.37, at which the [British authorities again intervened.
The further widening in the forward discount rates on francs to 13% for one month, and 3% for three months reflected the same anxiety, but business has been brought almost to a standstill owing to the scarcity lot buyers.
Other gold currencies, particularly linked to French currency standard chains, followed the frane on the downward path, Jeaving the doll The estimates, moreover, provide for the equipping of the old alrcrattcarrier Argus as a Queen Bee tender and training aircraft-carrier The requirements of the naval base Singapore have been carefully reviewed, it, is stated, and additional work and facilities have been decided to be necessary, The total estimates for work have accordingly been increased from £8,093,000 to £10 (61.000, The commencement of other important work is also provided for in the Estimates.
Plymouth and Gibraltar, it is added, will be provided with dey docks cap able of accommodating the largest ships.—Reuter.
Tokyo Naval Demands Tokyo, Apr. 30.
Repair and re-armanient of warships, replenishment of arsenals and strengthening of naval alr forces are among the major purposes for which the Japanese Navy requires '¥.194,959,800 in the first supplement tary budget for the current fiscal year, far more than any other divi-ion of the Government is receiving.
The approval of the Diet, which Jassembles to-morrow, is required for this appropriation, of which '¥.20,900,000 is on ordinary account and ¥.114,000,000. on extraordinary count, but it is included in the working budget for 1936-37 under which the Navy is allotted a grand {otal of '¥.550,390,000—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.