In France the Finance Committee of the Senate has been
trying to restore to life M. Doumer's Finance Bill, which the Chamber had hammered into an unrecognizable mass. The Chamber may yet., of course, mount its Constitutional high horse and declare with mock heroism that the Senate has no right to make financial proposals, but it seems much more likely that the Chamber, alarmed at last by its own deeds, will take the broad view that the Senate has a right to restore proposals which originated in the Chamber. If this should be so the Government will be provided with enough money to prevent immediate further inflation, and to meet the bonds which are about to fall due. Owing to the general belief that the Chamber will in the end vote even for the tax on payments the franc has risen slightly.
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