FRANCE: 150000000

The Chamber and Senate overwhelmingly ratified, last week, a bill calling for the expenditure in 1928 of 150,000,000 francs ($7,500,000) on the building of 15 new war boats totaling 37,500 tons. Boats: one 10,000 ton cruiser; six superspeed 2.500 ton destroyers; five submarines. (See COMMONWEALTH and GERMANY) .

With the Navy measure approved, Premier Raymond Poincare settled down to the heroic task of getting his budget through the Chamber before New Year's and succeeded after an all-night session lasting until 6 a. m. Estimated totals: Revenue 42,496,616,000 francs; expenditures 42,441,457,000; balance...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!