2 MARCH 1925
A Paris telegram states that according to reliable French reports M. Herriot received ten days ago a proposal by Herr Stresemann for a guarantee pact between Germany and France. The prospect of the offer is regarded sceptically by most of the French newspapers.
M. Raynaldy, French Minister of Commerce, and Herr von Trendelenburg, German delegate, who have been negotiating a commercial treaty, signed the Franco-German modus vivendi.
After an all-night sitting the French Chamber passed the Finance Bill by a majority of 89 (328 to 239.)
Imposing scenes were witnessed at the funeral of M. Branting, the Swedish statesman.
An earthquake shock was felt in New York and suburbs on Saturday evening. Similar tremors are reported from other places in the Northern United States and Canada.
In the Indian Legislative Assembly, Sir Basil Blackett made his Budget statement, in which he announced a fall in military expenditure, considerable relief to the provinces in the matter of contributions, and no further increase in taxation.
The Cabinet, it is stated, have definitely decided not to support the Trade Union (Political Fund) Bill. Mr Clynes, speaking at Ashton-under-Lyne, referring to the Bill, stated that the political arm of the Labour movement must be left free for the Parliamentary endeavour of organised Labour.
There is published to-day correspondence which has passed between Mr Churchill, Chancellor of the Exchequer, and the Earl of Balfour on the subject of the grant voted by Parliament to the Universities of Great Britain, except Oxford and Cambridge. Mr Churchill announces that the grant will be increased from £1,122,570 to £1,350,000.
