The study of the proposals in the Bill submitted to
the Finance Committee of the French Chamber and passed by it with little amendment shows that M. Poincare is not wandering far afield from the recommendations of the Committee of Experts and the proposals of M. Caillaux, so far as raising revenue is concerned. At the same time he has not yet_ followed or made proposals for following the Experts' recommendations for improving the value of the franc by bringing into play the gold reserve of the Banque de France. There has, however, been an improve- ment in the franc, which has stood as high as 162 to the £. The last Bill drafted by the Government would authorize the Banque to buy gold and securities on the market, and to issue a corresponding increase of notes., On Friday, July 30th, the Chamber passed a self-denying ordinance, which left all amendment of the Bill to the Finance Committee, and undertook to make none itself. This expedited its passage on Saturday in a manner for which the Chamber had not prepared us by precedent.
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