¶ The Chamber of Deputies, 425 to 135, rushed the Government Bill through, exempting from Income Tax 7,000,000,000 francs worth of National Defense Bonds, paying 3%, 4%, 41/2%, 5%, according to their term. This action was designed to check sales and help the franc.
¶ Socialist Deputies, aided by Radicals, fought a 21,000,000 franc subsidy to the Compagnie Générate Transatlantique to construct new liners. A motion for adjournment of the bill was defeated, 316 to 203. The bill dates from 1913, when 7,000,000 francs subsidy was approved by a convention between the Company...
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