Paris, Nov. 4, A scheme for financial and economic recovery in France, aiming to balance the "budget and increase national production, will be submitted on Monday night to the Premier, M. Edouard Daladier, by M. Paul Reynaud, new Finance Minister, M. Reynaud's plans are kept most secret, but it is understood that they are based upon a: liberal doctrine, The new Finance Minister, formerly "Minister of Justice, is said to be determined to follow a policy of broad credit expansion, He aims to develop capital investments in indusiry and trade and to create a favourable atmosphere for the repatriation Of capital He is also credited with ihe intention of developing a "pen market" policy aiming to raise Government Bonds.
M. Reynaud's scheme is based upon a deep conviction of the basic sound ness of the French economic structure, which is one of the best-1 balanced in the world despite the World's drawn-out economic crisis.
He is also convinced that the country can be self-sufficient because of its highly-developed agriculture; that the gold value of French products is lower than world prices and that the French colonial empire pro-Eu great possibilities for develop"
Politicians add that these circumstances will enable M. Reynaud to balance the Budget although the expenditure will total Frs, 102,000, 000,000 as against revenue amounting to Frs. 60,000,000,000 according to figures quoted by M. Daladier in his recent speech before the Marseilles Radical Socialist Congress.—Havas, value." Yet neither France nor Britain are believed to have taken any decisions so far with regard to methods to be used in tackling' the various outstanding problems.
Text read from the printed page and cleaned; old type leaves the occasional error.