M. Klotz, the French Minister of Finance, told the Chamber
on Monday that ,new and heavy taxes must be imposed, to the extent of six or seven thousand million francs. The total deficit for the current year was twenty-five thousand million francs. France, he said, must increase her exports and must trade with Central Europe, where the exchange was more favourable to her than in London or New York. M. Klotz declared that France would insist on Germany paying the thousand million pounds in gold due from• her under the •Peace Treaty by the spring of 1921. Only a small part of that awn would be paid to France. The French indemnity from Germany must, he said, amount to twenty-five thousand million francs. France would issue a loan in London next March, and was asking America to grant her long-term credits.
Previous page
