Salt Lake Telegram | 1936-10-01 | Page 4 | Foreign News

i ii FOREIGN NEWS Blum Agrees to Compromise In Fight for Franc Devaluation fARIS jARIS Oct 1 AD Thc AP-Thc The French chamber of deputies late today gave gan final parliamentary approval to devaluation of the the- franc adopting the monetary measure with its compromise clause on price fixing decrees by a vote of to PARIS Oct 1 AP Premier AP-Premier Premier Leon Blums Blum's government solved a n d dangerous political problem today by agreeing to compromise in the I legislative fight ficht for franc devaluation a decision which met quick I a approval t Py by y the me senate The rho senate passed without a record rec o ord rd vote a substitute measure to tc r revalue evalue the French currency but denied d the governments government's original request request re re- q quest for full power to control price rises r The government approved the substitute s bill withdrawing its opposition op op- position to senate objections to particular par par- t clauses in the original mea mea- s sure ure The substitute was brought forward forward for for- ward by Camille Chautemps minister min mm I ster ister of state in an agreement which held to actual devaluation but eUmina eliminated ed a a government demand demand de de- demand mand to be allowed to prevent price r rises es The price fixing problem was wac I solved In this way After devaluation ion tion the government may be given L the he right to control prices for or six months by issuing decrees These decrees however must be subI sub sub- I to th the national economic council for ratification The finance committee of th the chamber of ot deputies was summoned to meet at at 2 p. p m m. m 8 a. a m. m e. e s s. t. t to consider the senate approved I compromise bill bilI Vincent Auriol minister of finance finance fi fl fi- fi nance expressed hope of ending the th legislative deadlock which arose yesterday yesterday yesterday yes yes- when an obstinate senate senat refused to pas the devaluation bill I already approved by the chamber and rightists and leftists tangled in Ir political clashes The finance minister also presented presented pre pre- J seated a special bill bUl to the tho chamber ham cham c ber her to provide res restoration of pension pension pension pen pen- sion cuts veterans a clause j which the senate eliminated eliminate yesterday yes yes- I In rejecting th the governments government's monetary measure 1