FRANCE: Perpetual Flux

Despatches concerned with the French fiscal crisis (TIME, Jan. 11 et ante) began each morning last week with a statement which rapidly became monotonous: "Since yesterday the situation has entirely changed."

The Original Situation. During the holiday recess of Parliament two schemes for the financial rehabilitation of France lay before the Finance Committee of the Chamber (TIME, Jan. 4).

The first was the Briand-Doumer plan, featuring the enactment of legislation which would levy much heavier "indirect taxes" Dec. 28).

The rival proposal was that of le Cartel des Gauches, the coalition...

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