20 JULY 1929, Page 1

The French Debts On Tuesday, in the Chamber of Deputies,

M. Poincare- had a great success in the first round of his fOrMidable Parliamentary fight against those who want to attach reservations to France's Debt Agreements with Great Britain and America. Ile has said over and over again that the credit of France depends upon ratification with-, out reservation and that the Young Scheme will be deprived of its foundation if he is defeated. He is, no doubt, a reluctant supporter of the Young Scheme, but he sees that from every point of view it is by far the lesser evil for France. A fortnight ago he was defied by the Financial Commission of the Chamber, who added reserva- tions to the Bills for ratification. He then announced that he would take his case to Parliament and would stand or fall by the result.