Evening star., 1926-04-01
FRANCE BALANCES
BUDGET AF TER TWO
YEARS OF FAILURE
Revenues to Make Up Huge
Deficit Voted in AII-night
Session of Chamber.
BRAND CABINET GIVEN
STRONG LEASE ON LIFE
Premier Wins Confidence Vote.
Fight to Establish Fund to Meet
Debts Due Soon.

By the Associated Press
PARIS. April THE French budget
finally is balanced after TWO years Of
effort in which four cabinets and six
finance ministers have fallen.
The Chamber Of Deputies concluded
an all-niCht session at 2 O'Clock this
morning by voting new revenues suf.
hcient to wipe out the budget deficit
and esta blish a surplus Of between
100000 600 and So. 900 900 francs. This
success is looked upon a s assuring the
continuance Of the BRAND ministry,
for several months at least
The vote on the combined measures
was 236 to 1j9 ma jority Of -. with
100 deputies abstaining The Senate
is expected to pass the bills promptly
without essential amendments. thus
ending the first phase Of Frances eff
fort TO restore her finances.
The second phase will open when
Parliament meets after the Easter va
cation. Finance Minister Peret then
will introduce measures to finance a
sinking fund to take care Of the inter
allied and domestic debts.
Lottery Is Authorized.
Bills already passed by the Chamber
a "A tiig4 4AN a lldt tIplLdl AOLNtlN anu ~ ~
vide for the receipt of voluntary con-
tributions for this purpose. NJ. Peret,
however. does not regard these pro
visions as sufficient and probably will
introduce bill for some sort of obligd-
tory contribution, acceptable 10 the
powerful groups Of the Left.
In the session which ended with the
adoption of the new measures this
morning the tide did not turn in favor
L ~
lister Peret had posed the question Of
confidence on the clause increasing the
business turnover tax. The outcome
of the vote was 227 to 1903 II was the
first time NJ. Peret, as finance minister.
had made any question a matter OF
confidence in the government.
The receipts from the new measures
are estimated at $500 900 600 francs
Css7 500 ,00ol. while the budget deficit
was 2.450. .G09.0 900 francs 1855, ,750,0 ,0onl.
Allowing for variations in the yield
from the new measures, the surplus
will be somewhere between 80 900 900
and 6o,000Q0O francs.
Most of Taxes Indirect.
Three-quarters of the new taxes
are indirect. The biggest sum, 1900
900. 900 francs (s42 900 oOOl. is provided
by the increase in the tax on bust
ness turnovers of wholesalers and
jobbers. Alcohol is asked TO furnish
225 900 600 francs (s7,s75 .ooO). while
the individual poll tax is expected to
bring $4,000 900 francs (S19 $50 ,0O0.
The great number of abstentions
makes it difficult to interpret the vote
on the measures but the result Is
more the less achieved. The BRAND
cabinet, accordingly strengthe ned. is
thought 20 be safe from attack for
some time and may be able to get
through the measures TO finance the
sinking fund, which is depended upon
to make French fina noes finally safe
against all eventualities.
The governments success is attrib-
uted partly to Premier Brands skill
in utilizing the divisions in all the
groups and partly to the personal
popularity of his minister of fina nee
NJ. Peret will appear as the principal
winner, since NJ BRAND failed with
two other finance ministers 10 get a
financial plan through the Chamber.
Oil Trust Project Adopted.
The petroleum monopoly project
which threatened for a moment to up
set the whole situation was adopted
in principle. but il was surrounded
with such precautionary provisions
that the Chambers action lacks sig.
nificance. The whole question must
come before Parliament again after
long study before anything can be
done
So fatiguing was the all.night ses-
sion that a Socialist deputy charged
with depositing blue ballot slips-blue
signifying votes against the govern.
ment--in the urns in behalf of his
absent comrades, fell asleep at his
post Another deputy stole a number
of the precious scraps of paper and
returned them amid an uproar of
laughter
The early morning was featured
by a speech by the Communist
deputy, Fournier, who was elected
only last Sunday in the second district
of Paris. inviting the Socialists 10
make common cause with the Com
munists
The Socialist leader. Renaudel, re-
Piled I'VE will not cola borate with
the Communists until they cease to
imprison our Socialist friends In
Russia"
Other Revenues Voted.
Among the other revenues voted
and their expected yields are: A tax
on transfers of real estate. 225.0O0,000
francs; tax on sales of business good
will, los, 100000; stamp tax on trans
fers of securities. 10000, 900 an addi
tional tax on railroad way bills, So.
500 900: registration tax applicable to
private banks, $4,000, 900; tax on busi
ness houses with numerous branches.
rs 900 900 francs.
The sugar MONOPOLY which was
voted in principle, will follow the same
course as the petroleum monopoly.
and come up again in the chamber
wear hence before anything is done.
The Senate might disjoin these bGis
from those bringing in immedla.= ---:-'
enue but it could make no important
in the revenue-produclng
measures.