FRANCE: Out Cabinet!

MM. les Deputes were presented last week with the 1932 budget which, to the ingenuous eye, balanced. A little rapid pencil work by Deputies of the Left showed that it did nothing of the sort. There was an actual deficit of between $160,000,000 and $280,000,000 hidden by such devices as counting only nine months for expenditures but twelve months for receipts, and including Reparations payments which Germany obviously will not make because of the Hoover Moratorium.

Nevertheless the Chamber supported Premier Laval's budget policy by a majority of 52. Next the Chamber, for...

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