16 JUNE 1928, Page 2

On Thursday, June 7th, M. Poincare made his declara- tion

of policy to the French Chamber. There was nothing in it that was not expected. France, he said, had returned him and his colleagues to complete their financial duty. What they had done they would continue to do till their task was finished. He only asked for unswerving and anxious efforts from the nation in the struggle which was still necessary for economic recovery. It was useless to talk of social reform till the franc was safe. He indicated that he aims at legal stabilization of the franc as soon as possible, but he made no suggestion whatever as to the date or as to the rate at which the franc would be fixed.

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