Show FRANCE MOVES TO SAVE FRANC GOVERNMENT SETS UP MACHIN ERY TO ENACT UNLIMITED POWERS LAW LAWr r Initial Steps Contemplate Sharp Cur Cur- y of EXpenses Ex Everywhere Dollar and Serling Quoted High for Franc Spurred Paris Paris Spurred by sterling at and the dollar at 41 11 a new low record i for tor the franc the government has de- de decided decided de decided to ask parliament to vote yote the unlImited powers bill within forty fort eight hours after discussion on that measure opens The council recently approved approved approved ed the text of the bill on which M Caillaux is working and it will be ro- ro referred re referred to the finance committee of the chamber with exhortation f for tor r all pos pos- possible possible sible haste so that the bill may be ready for consideration by next Tues Tues- Tuesday Tuesday Tuesday day This however er m means ns another week delay and Increased nervousness In financial circles as well as among small operators on the Bourse and the middle classes and the temper of the country appears to be rising The bill will contain only one ono ar- ar article article ar article and one annex which explains withIn what limits the government in- in intends in intends n- n tends to use tho the unlimited powers to legIslate by decree The deliberations of the cabinet council have been k kept pt secret but reliable information is that the government the right to legislate on all questions ofa ot of ota ofa a purely financial nature such as fix fix- fixing fixing fix fixing ing the rate of ot taxes and customs and the negotiation of loans the proceeds ot of which might be used in n defense of the franc No decision on purely ad- ad administrative ad administrative reforms could be made under this bill |