The English Press and French Finance

London, May 30. The Daily Chronicle editorialized:
"The weak point in Mr. Caillaux's proposals is that he does not intend to balance the budget this year. He will therefore allow the deficit to continue, and this will be met by the usual bad methods. Of course, we are told that the loan will only be temporary and that the State will not incur any new commitments beyond the requirements of 1925. But a loan of this kind is always temporary, and in reality, half of France's enormous debt consists of short-term bonds.
"No one can predict where Mr. Caillaux will be in a year's time, who will be Minister of Finance, and what the official policy will be then. But until France has a government, not tomorrow, but today, no solid restoration of confidence is possible."

From the Westminster Gazette (editorial):
"The fall of the franc affects so many other countries besides France that it deserves careful study. It is not for others to give advice, but France needs a period of calm, during which plans laid down long in advance and with foresight will gradually come into operation from one financial year to the next."