FRANCE: Guillotined at Dawn

Position of France last week when her Chamber did not choose to pay:

National Budget: Drawn to balance at 41 billion francs but unbalanced by a current deficit of 3 4/5 billion francs ($150,000,000), with current revenues running 20% below estimates.

Trade: Exports down 37% below 1931, imports down 32%, with the French trade balance increasingly adverse.

Taxes: No recent major increase but estimated to absorb 30% of the national income, compared to 10% in the U. S.

Unemployment: Quadrupled this year to an estimated total of 2,500,000 of whom 250,000...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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