Show Turning Labor Out Of Of Office In Britain May Be Tough Job TARDIEU SAYS I FRENCH CREDIT IS ALLRIGHT ALl RIGHT RICH Writer Explains Issue Now Before Lawmakers L In Paris n BT A ANDREW A T onneT Fornier Commission Commissioner lon lon- er r to lo the lie L tate States lAt to 10 The Tho Standard Standard- Copyright 1924 1 4 by the th Consoli Consoli- Consolidated Consolidated dated Press Association Franc g 8 Ruhr policy hM has h a been 80 o severely erel that her statesmen appear unduly O to Co what the world thinks of o the tho th opposition that has hils de developed eloped to the tho government s a tax t x Increase pro pro- proposal pro proposal Andre Andr hastens tol to toJ J 3 foreigners American In his Ilia dispatch today I that hit Franco Franc Francoe s credit Is no dan dan dan- danger ger and that th t the tx tax would bo be booted b voted toted speedily If It all alt her legle- legle litora tors I were convinced thAt suen actIon would not cause the th franc to tall fill still stilt farther PARIS Feb Fob IG 16 It It I is trance that Is Ic the th cause ot of o the th de debate ato now how going on In the chamber 0 oer er th the tho Poincare governmental government s x oIx x proposal al These ls by their Improvised pro character as a ell ke 18 because ot of their numerous Im- Im ImperfectIons Im Imperfections perfections risk gh giving Ing aid abi to those thoe who ho are seeking to Impair French rench credit Americans should allow then then-reives to be b im- im impressed r J pressed presed neither by this nor by the mistakes e which I ranco rance no Is making and which sene to bolster boster up the tho campaign To begin with frith the th ariter w riter wishes to dissipate th the false falso Impression the tho declarations of the min mm- ministry Itry unfortunately strengthens The fhe chamber I Is asked to Not sote ote at- at ad additional taxes to balance balanc the th bud bud- budget budget bud budget get But the French budget Is already completely ly balanced The taxes really are asked not for tor forthe the budget budet but for br ft a a separate account owed to the th French by German Germany tor for advances which this country made mad for tor ro- ro ropal r pal atlon is I Anybody n bod acquainted with pub public pub pub- public lic lIe finance fin knows kno the tho essential difference between a budget and an account but the stranGer term term- termInology terminology terminology employed ed b by the th French ministers contuses e people and makes them think F ances bud bud- budget budget set bud get is In deficit a which Is Ia i the Imp simple Ie opposite of o the tho truth The 1 budget is balanced and anden andeen en the recon recon- reconstruction en een the interest on loans is almost entire cm 0 ered by taxation What bal Is if the exact purport of ot oth the he h s proposition It in the 1 i a s simpio to Include t aary ary budget all charges belongIng I the tIle account of o Germany Germiny Why Il caus cause France cannot get twenty tUllon more francs to finish the reconstruction work No o Simply the tho go government thinks s this Kill Ill cause caute tho the franc ranc to rise m in the exchange e market At the base of this there Is lj one misun- misun misunderstanding Foreign opinIon supposes that resistance to the so eminent pro pro- proposal pro proposals Indicates s an unwillingness to 10 tote Solo t e herMs the reasons re are arc quite different and may be up In this question It Is certain by apply apply- applying Ine Ing tho the new t taxes l es not to the French budget which doc does not need them but ut to the account of Germany the franc will Ill not tall fall of ot rl rise e lU IMPORTANT T L It Is 1 that question alone that thata a large larf fraction of parliament answers answers an- an th ne ely cly The Th first vote voton on these thee new taxes was lIB for forand forand torand and agaInst s with GO CO tlona tione which means mean that deputies deputies lie ties believe bellove the th proposals proposal will not nOl help the thi franc believes that tho franca depends depend upon such uch thIng thine i action on for foreign for for- foreign as a program o of eign exchange market of the tho floating debt anti and B credIt and anti saving saing facilities That Is the th debat In a nutshell but but the tir reading of ot the th foreIgn papers shows show that a different In- In In has ha been placed onit It outside ot of o France Again WO we hear that France franc ns as a a 0 country will not pay her taxes It Is 1 forgotten that In 1913 Jo rance paid four tourbillions billIons In t taxes x and today Is payIng 23 and her mi minority ml- ml mInority deputies ar are aro reproached for tor unwillingness to vote voto vot tour or five additional billions which would make the th per capita of ot taxes about francs even though nobody can demonstrate that these ne new taxes would ha hae hay e the slightest In in- in influence In fluence on forel foreign exchange D O DING CAUSED Unfortunately It I til iii unquestionable unquestionable able that th the Poincare govern govern- government government's governments ment ments ment's manner o of oC stating slAting the problem problem lem tern created this thia misunderstanding and that thIs plays Into the tir hands of all alto ho delro deirO lr to weaken Frances France's Franc credit and the th political consequences consequence also l o may be b grave crave Government oraf oraton ora- ora oraf 4 f ton tors Insist that thit claim as aa f stated In the th treaty treat remains In- In Intact intact J In-J tact But It Is I clear that Germany Germony lIh a ith her girt gift lt for tor evasion will take pleasure In showIng that addi addi- additional addi- addi additional additional fiscal lical effort wn was ns easier for tor fork k ronce than for tor her nine sInce Francs France accomplished hd it And so o the claims claim will lose los au all rench practical practical Justification Moreo Moro er er as the tho Poincare gO go- KOI no now nov espouses proposalS whIch It for tor two years France Is placed In an on InconsIstent inconsistent Inconsistent ent position which her will readily take toke d ad of Anti And furthermore It lj is paradoxical that all this thia panic should follow tollow I a 11 sudden udden drop of ot five points hen ahen hena a gradual drop ot of 40 poInts point throughout 1922 1122 and 1923 arouses rou f no ministerial apprehension Frances France credit a 11 Is not In danger and while calm caIrn and methodical n re- re reforms ru forms forma are ar needed there her Is nothing to 10 justify the th alarmist speeches and mode made mad l l atlon ot of o the tho government which tor for two years yeAr ha has done don nothIng to realize such reforms |