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Meanwhile Georges Bonnet, hastily recalled from his post as French Ambassador at Washington to become Finance Minister under Premier Chautemps, had arrived. Bonnet expressed strong opposition last year to Blum's financial policies, and the state of affairs he discovered on striding into the Finance Ministry was not one he cared to conceal. "Inflation, devaluation and new taxes!" snorted the new Finance Minister at his first meeting with the Senate Finance Committee. "Such, messieurs, are the logical conclusions I cannot avoid...

Author: /time Magazine | Title: FRANCE: Calling All Gold! | 7/12/1937 | See Source »

...Senate seemed more than ready to vote to moderates like Chautemps & Bonnet full powers to deal-with the French crisis which they had been unwilling to give to radicals like Blum & Auriol, but it was an exciting question last week whether the Chamber, which had twice supported Blum & Auriol on this issue, would now support Chautemps & Bonnet...

Author: /time Magazine | Title: FRANCE: Calling All Gold! | 7/12/1937 | See Source »

...Downing Street received frantic word from the Quai d'Orsay that Premier Chautemps, in order to get his Cabinet over its first rocks in the Chamber, must be able to tell French Communists that he was successfully staving off this British gesture toward Franco. In this appeal Chautemps & Bonnet-who was on the telephone to London almost hourly seeking support for the franc- succeeded for the duration of the week, and French Communist Leader Jean Duclos announced in the Chamber that his followers would vote for the new Popular Front Government. It won its decree measure...

Author: /time Magazine | Title: FRANCE: Calling All Gold! | 7/12/1937 | See Source »

...Deserters of the Franc." There were 3,636 tons of gold in the Bank of France when the Popular Front took office last year, and of these only 2,504 tons remained last week, dramatically revealed new Finance Minister Georges Bonnet...

Author: /time Magazine | Title: FRANCE: Calling All Gold! | 7/12/1937 | See Source »

...Yvon Delbos as two Frenchmen singularly ready to hitch their foreign policy to the apron strings of Downing Street. Last week French fiscal policy had been hitched, temporarily at least, to the apron strings of the Old Lady of Thread-needle Street, pending the arrival of Finance Minister Georges Bonnet. This nimble native of Dordogne, by far the ablest player of Basque pelota in the new Cabinet, will have his work cut out for him to get French finances in shape, but he seemed certain of broad cooperation. Under one of France's new social decrees drafted by Leon...

Author: /time Magazine | Title: FRANCE: Bull's Billion & Bonnet | 7/5/1937 | See Source »

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