3 JULY 1926, Page 6

- In regard to home policy, M. Briand declared that

he regarded. an Electoral Reform Bill as urgently necessary. It was agreed that there should be a full debate on finance in the Chamber next Tuesday. Outside the Chamber, M. Caillaux has explained that he aims at rigorous economy, greater production, and less con- sumption. He proposes to reduce the Income Tax and the Transfer Duty on securities in order to encourage both the trader and the investing public. He apparently hopes to get British credits as a pendant to the debt settlement without lodging gold with the Bank of England as was done in the War". We doubt whether this will 1 e possible, and we fear that there may be an intention ii France to reopen, under the plea of necessity, the whole debt question.