17 JULY 1926, Page 2

highly alarming they are in no worse position than a

week ago. M. Briand must be oppressed by the uncertainties of the political parties ; M. Caillaux by the foreign debts and the maturing bonds and loans at home. But he has established in the Chamber an ascendancy remarkable for any French politician. At the same time M. Bokanowski's deprecation of a foreign loan evidently impressed the Chamber, and M. Franklin-Bouillon denounced the Washington Agreement. M. Caillaux evidently intends to stick mainly to the Report of the Experts and we believe he is right to do so. Early on Saturday morning last the Chamber, with a good deal of cross voting, gave the Government its support by the narrow majority of twenty-six votes.