Show FRENCH FAVOR DEBT PAYMENT X N New ew Cabill t Opposed to Inflation Strict Econ Econ- Economy Economy omy Ordered PARIS July By 21 21 By The As As- As Associated so The Pre Press Tha newly form form- formed ormed ed cd government In a min min- declaration before the chamber of ot deputies set let s t Itself on record as opposed to Inflation of the th French currency and In favor of payment of ot all alt debts debt There will be b no foreign loans the government go asserts the coun coun- country country try must save Itself Foreign currency held abroad by French French- Frenchmen Frenchmen Frenchmen men must murt be b returned to to France Francea a special account for that purpose to be opened open d by the lh Bank of Df France rance The Tho strictest lt economy will be enforced beginning with the state services er No reference Is made mado In Inthe inthe the declaration to the capital levy y but It mentions mention a 0 special tax tox on assets not In the tb service of Df the credit The rhe declaration Is v very very ry short and concludes conclude with a demand for ImmedIate approval or rejection of the th program pro ram The rho Tb declaration was wa received by bythe bythe bythe the chamber amid ominous at- at si silence lence broken only by hand clap clap- clappIng clapping clap pIng from a few ew scattered So- So Socialist So Socialists DENY Y RESIGNATION Rumors that Do De Monzle the new finance minister had resigned re- re resigned re signed were set at rest rut this morning morn morn- mornIng morn Ing by his appearance at the th min ministry where he h was busily at work with his collaborators until nearly noon when he went to see Premier His llla talk with the premier Is le un understood to have been of oC a mo most t serious nature bearIng on the th essence of ot the gov- gov program vigorous de- de denials de denials I I nials niale from tram official sources Indi Indi- Indications Indications of dissensions within the cabinet persist and M De D call on M Is under understood tood to have ha been connected with It It The finance ministers minister's plans for Tor stabilization which has haa been ready 16 months It was wa said at the ministry wUl will Involve neither Inflation Inflation Inflation tion nor a moratorium on short term bonds NEED BIG SU SUM Five billion francs franc will be b need need- needed needed ed at the outset to put the plan Into operation The finance min Ister stet proposes propose to get half halt of Dt thIs amount from rom the Bank of o France the advance to be b guaranteed by new taxes and the other halt from Increases In other taxes |