Show FRANCE fRANG MOVES TO SAVE FRANC GOVERNMENT SETS UP MACHINERY MACHINERY MACHIN ERY TO ENACT UNLIMITED POWERS POW ERS LAW Initial Steps Contemplate Sharp Curtailment Cur Cur- nt of Expenses Ev Everywhere Dollar DoUar and Serling Quoted 1 High for Franc Paris Spurred Spurred by sterling at And the dollar at 41 a new low record for ifor the franc the government has decided decided de de- de to ask parliament to vote the I unlimited powers bill within forty- forty I eight hours after discussion on th that t measure opens The cabinet council recently approved approved ed cd the text of the bill on which M. M Caillaux is working and it will be referred referred referred re re- re- re to the finance committee of the chamber with exhortation for all possible possible pos pos- sible haste so that the bill ma may be ready for consideration by next TuEs TuEs- day This however means moons another week delay and increased nervousness in financial circles as well as among small operators on the Bourse and tits tha middle classes and the temper of the country appears to be rising The bill will contain only one article article ar or- tide and one annex which explains within what limits the tho government intends intends in tends to use the unlimited powers to legislate by bp decree The deliberations of or the cabinet council have been kept secret but reliable information is that the tile government demands the right to legislate on all questions of oC ofa oCa a purely financial nature na ure such as fixing fixing fixing fix fix- ing the rate of tax taxes s and customs and the negotiation of loans th the proceeds of which might be used in defense of the franc No decision on purely administrative ad ad- administrative reforms could be made under this bill |