Show ENGLAND FEELS DISQUIET OVER FAR EAi EAST ST STATUS A TUSI FRANCE STilL lACKS POLICY YEAR FOR 1927 Government Waits to See If It rt Will Power r By lly GERVILLE RE One or of the Hie Fore nget t Journalists of o haunt Special Radio Iladio lII to Stand Stand- ant l ani-l Copyright 1927 11 27 by by Consolidated Press Association PARIS Jan Frances I 1 France his his- history history his lory tory during 1926 Is la easy to sum sum- summarize um marize because the two halves ot of o the hc year scar otter offer such violent con contrast con con- During During- the tho first half hal of ot the 12 months Franco Franca became becam entangled nn 10 of ot publIc finance from from which no exit seemed possible No 2 stable majority exist exist- existed exist exist-ed ed In parliament and no finance minister could elin cling to office long nough to execute his program t 1 The Tho franc teemed seemed to 10 bo gliding toward the abyss as the mark marlc had done i When things thine were at their worst wont to hc he reaction camel came In July Ray Ray- Raymond Raymond Ray Ray-mond mond lU succeeded In form form- forming form ing a national ministry with the chiefs of at the tho hostile ho the parties partle aiding Parliament immediately In Immediately became and Dd voted new taxes tans while the ho he franc recovered co so rapidly that the iho treasury and the Bank of France re-e re re established tho the funds for forthe the tho defense the franc far beyond tho rho amount originally loaned by Morgan Dorgan Co tho the gov had to appeal to the tho bank to put the tho brakes brakes on further amelioration of at o the tho currency hold hold- holding hold me mg ing the tir franc at about 4 cents This pleasure Is wholly provisional Or hOH and no wise Indicates Indicate ap- ap approaching ap legal It-al If al stabilization Meanwhile an crisis Is Isi c overtaking France Franco since Internal n prices have hive q ned World C levels Official statistic show ani an i- i i Increase In unemployment ploy Production Pro Pro- Pro Production luction and exports export arc gradually stopping despite the lowered dis- dis discount discount count rate AWAITED The government Is waiting for his situation to d develop elop fully full be- be before be before fore taro making a decision as to what action to take It is waiting par par- particularly particularly par particularly to learn whether It 11 can maintain itself In power during 1927 on the same terms as UI during the ho last price months The answer to tills this cannot come before the th senatorial n t i-e i elections ii s rc are held January 9 and parliament recon recon- reconvenes reconvenes venes on January 11 France Franco has bas been led Jed In fOreign relations year throughout-the-year hout year by Briand and followed the tho policy laid down at Locarno and at where Briand and Herr met This country en- en encountered en encountered countered co serious obstacles chieflY through failure to regularize her situation as a debtor ot or the United States and Great Britain Had France rance ratified her debts debit she sho could have h v joined hands with Oer- Oer Germany Ger Germany many to demand International credit for tor or appeasing that ancient continental rivalry For example a largo large fraction of oC othe the tho Dawes plan bonds bondi could have been leen mobilized for tor the plan Dawes-plan has proved a sound paling proposition proposition proposition tion This mobilization discussed at Thoiry Thain would have enabled France to relinquish her grip crip on he occupied German regions Yet in all aU this It Is 1 obvious ob that Briand did ld not obtain tho the wholehearted of or Premier Poincare and the cabinet For in this as in the tho th economic crisis crisis Is await await- awaitIng awaiting Inc awalt-Inc Ing developments before acting Nevertheless tho the Locarno policy has lIas produced fruits not only through t h Germanys Germany's entrance Into Inlo he league ot of nations but in a a so- so sc-nw sc 1105 ot of Important commercial co- co colonial colonial co colonial lonial and other agreements WAITING GIC GU The Tho Locarno polle policy has not ex- ex extended extended ex extended tended however to the far east ro castr-bc-ro rb r hero cro France declines to follow Britain's lead but like the thet t States Slates and Japan plays plas awaiting a waiting waltin game fame In short Frances France's Is un- un un uncertain certain In every field The coun coun- country country try still awaits a plan and II a a pol pot policy icy She hopes will wilt not repeat the tho blunders of at o 1923 when lie he missed two to wonderful ties the tho Bonar Law debt cancel cancel- cancellation lation plan and the exploitation of ofa a advantages so o won In fn Inthe the Ruhr France hops hopes that nt at atlea least t In la the th financial field eld field Poin- Poin Poincare Poin- Poin Poincare care to use Ute a a stock exchange ex- ex ex expression will take tako his profits |