Evening star., 1937-06-15
ALL FISCAL POWER
ASKED FOR BLUM
Cabinet to Seek Par|iamen.
tary Approval for "Fu|I"
Authority.
BY the Associated Press.

By the Associated Press.
PARIS, June 15.-The French Coun-
Gil Of Ministers decided today to ask
Parliament to hand full powers to
Premier Leon Blum to decree "al
measures necessary to end the ma
tion's financial crisis.
The decision was reached at morn
Ing session which submitted to Presi.
dent Alfred Lebrun a series Of finan-
clal measures designed to maintain
the value OF the franc and safeguard
the governments credit despite an
estimated deficit Of 10000 600, ,O0C
francs (sl,76O,0OO,O0O
The precise nature of the measures
was kept secret until the time for
them to 90 before the Chamber OF
Deputies.
A communique issued by the cabinet
merely announced:
The Council OF Ministers delib-
Grated on the financial projects, ex-
amined yesterday and approved
unanimously, which were submitted
for the signature Of the President.
The government will ask parlia
mentary authorization during a very
limited period to take by decree ali
suitable measures to assure relief OF
public finances and ward of attack,
against savings money and public
credit"
Refuse to Devalue Franc.
France clung to her monetary agree
ment with the United States and Brit
ain today as the governments protect
the franc program moved toward
parliamentary consideration.
Finance Minister Vincent Auriol had
the cabinets unanimous approval OF
his project to maintain the francs
value and guard the governments
credit in the face Of an estimated
deficit of 100000, 900 francs ($1,.
760, 900, ,0oO for 1887.
Auriol's plan won the ministry's
sanction only after momentary split
in the ranks Of Socialist Premie,
Leon Blum's supporters, however
Radical Socialist ministers held q
separate meeting after discussion Of
the financial measures had begun
then they returned to the full session
and complete agreement was an.
nounced.
Cabinet to Study Plan Today.
Ofhclal sources said the cabinet re-
Jected a proposal to break away from
the trlpartite monetary agreement OF
last Fall, under which France, Great
Britain and the United States sought
to maintain their currencies at steady
values.
They would not disclose the details
OF Auriol's plan, which was slated for
cabinet examination again this morn
ing. Then it will go to Parliament.
Some sources expressed belief that
the government might seek readjust-
ment of tariffs and both indirect and
direct taxes. particularly those on rail-
roads, telephone and telegraph serv-
ices and gasoline.
Commerce Minister Paul Bastid had
issued a bid for lowering Of trade
barriers by other nations yesterday. as
sertlng France did not want to try 4
"self-suficient system"
No Talk Of War Debt.
Bastid also said the government
might even quit the tripartite stabili-
zation agreement, but a government
spokesman said
The government does not foresee
establishment Of exchange control, for
1t intends to remain faithful to the
Observation-Disclosures accord, on
which all its foreign policy is based"
The division within the cabinet was
understood to have come about when
Aurlol suggested the Bank of France
should be empowered to increase ad-
vances to the government for current
expenses.
There was no discussion, informed
persons said, Of the French war debt
lnstallment due the United States to-
day.