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Show FAILURE DF HOLLAND-BELGIUM HOLLAND-BELGIUM TREATY IS PREDICTED I PI$; r I France Deeply Concerned Over Exchange Situation Editorials In Newspapers Show FIVE YEARS REQUIRED TO OVERCOME BLOW I j Premier Millerand Tells of Conversation Held With King Albert of Belgium PARIS, Jan. 30. The text of the proposed treaty between be-tween Belgium and Holland, which will soon be signed in this city, has been published j in the Nation Beige of Erus- ! sels, according to the Echo de , Paris correspondent in that ! city. He says that public opinion will be stirred by the publication of the treaty and expresses the belief that the pact may not be signed as a result. . , PARIS, Thursday, Jan. 29. Commenting Com-menting upon the exchange situation, the Intransigeant said: I "This is one of the gravest crisis of the past five years." ) "If no remedy is possible: if gangrene gan-grene has affected the organism," the ! newspaper continued, "onJy an operation opera-tion will save us. In financial language lan-guage this means liquidation of some kind compression of our debt." The financial policy of the French government is to avoid as far as pos- sible restricting trade with all nations, particularly her allies and associates and any prohibition of Importations will be measured only by the absolute necessities of the exchange situation. Gravity of Situation. Although the gravity of the situation situa-tion is fully appreciated, it may be said there Is no panicky feeling in official of-ficial circles, the attitude there being that the necessary sacrifices must be made at once and that they will be willingly made by the people. It is estimated es-timated by persons in close touch with the problem that it will require about five years for France to overcome ner financial difficulties. An important part of the proceeds of the new French loan will be applied ap-plied to the retirement of paper in circulation. This will be one of the essential features, of the government's plan to improve the financial situation, situa-tion, the Associated Press Is able to I say. Increases In Taxation. Radical increases in taxation to balance bal-ance the budget and if necessary rigid restrictions on the importations of luxuries lux-uries to check the depreciation of tho franc also have been decided upon. At today's meeting of the cabinet council Premier Millerand made the ministers acquainted with tho conversations conver-sations which were held during the recent re-cent visit of President Poincare and the premier to Belgium. (The president was received by King Albert at Fumes on Wednesday last. Premier Delacroix and Foreign Minister Hymans also wore at Furnes.) M. Francois-Marsal, tho minister of finance, placed before the council various va-rious questions having to do with the forthcoming loan. He also submitted his Ideas of the principles on which an international conference on exchange ex-change should be based. |