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Last week, the Finance Minister laid before the Chamber of Deputies Finance Commission details of the current year's budget, which had originally been fashioned by M. Etienne Clementel, his predecessor, and which he had found it necessary to modify...

Author: /time Magazine | Title: Foreign News: Budget | 6/22/1925 | See Source »

Finance Minister Joseph Caillaux appeared, one bright morning last week, before the Finance Commission of the Chamber of Deputies. To the gentlemen present he said that the "balanced" budget devised by his predecessor M. Clementel was in reality short on the credit side some three and a half billion francs. It appeared that M. Clementel was banking on receipts from Germany which had not been received-a favorite French practice-and had neglected altogether a mere matter on the debit side of some...

Author: /time Magazine | Title: FRANCE: La Finance | 5/25/1925 | See Source »

...Berlin, Samson Koerner, heavyweight champion pugilist of Germany, stood upon a railroad platform, about to depart for Leipzig to box Champion Clementel of Switzerland. His sparring partner, one Max Dickmann, wished him aufwiedersehen, put his arms about him, gave him a hug. One of Koerner's ribs snapped. The bout was postponed...

Author: /time Magazine | Title: Miscellany: Smoke | 5/18/1925 | See Source »

Premier Herriot himself then mounted the tribune, explained what a sincere, simple chap M. Clementel was, how valuable his services had been to the Government and France, but condemned him out of hand for overstepping his authority and misrepresenting the Government, without, however, denying what the Finance Minister had said. His speech was a model of equivocation. He assured the Senate signifi- cantly that he would introduce a bill for the improvement of the Treasury's (Bank of France's) position...

Author: /time Magazine | Title: FRANCE: Super-Crisis | 4/13/1925 | See Source »

...Clementel had no alternative but to resign after his painful experience in the Senate. This he promptly did. Premier Herriot allegedly offered the vacant Ministry to M. Louis Loucheur, prominent and influential industrialist, but the latter refused it. The post was next offered to Senator Anatole de Monzie, an ardent Catholic and a prominent henchman of the Government in the recognition negotiations with Russia. The Finance Ministry was accepted by M. de Monzie on the understanding that the Government drop opposition to the Vatican Embassy. The Premier compromised on this question by stating that the Government would permit the representative...

Author: /time Magazine | Title: FRANCE: Super-Crisis | 4/13/1925 | See Source »

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