The statement of the financial situation in France issued on
Tuesday shows a surplus of about £2,000. But the Times correspondent explains that there is actually a deficit of £43,120,000. Expenditure amounts to £240,800,000 and normal revenue to only £197,680,000. And as the financial effect of the new military efforts of France is not yet felt, the future is even darker than the present. I4 the debate
in the Chamber on Tuesday M. Barthou repelled several Socialistic proposals for raising revenue because he knew that they would delay still further the passing of the budget and reopen the whole question of three years' service in the army. He promised, however, to discuss the military expenditure as soon as the budget had been passed. He reminded the Chamber that the Government had already drafted an Income Tax Bill.
