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107 —
FRANCE.1
Legislative and Administrative Provisions of the Plan of
Large-scale Works for combating Unemployment.
DECREE-LAW OF MAY 15TH, 1934.
[Translation.]
Realisation of a Plan of Large-scale Works for combating Unemployment
BY MEANS OF THE LIQUID ASSETS OF SOCIAL INSURANCE OFFICES.
Article 1.
§ 1. Notwithstanding the provisions of Article 31 of the Law on Social Insurance,
Old Age Insurance Offices and Old Age and Invalidity Insurance Offices and the General
Guarantee Office (Caisse generale de garantie) shall, in respect of the fund for increased
benefits and joint responsibility (fonds de majoration et de solidarite), allot, from June 1st,
I934> to December 31st, 1940, 75% of their liquid assets to the constitution of a Common
Fund administered by the Deposit and Consignment Office (Caisse des Depots et
Consignations) under the control of the National Commission provided for in Article
3 of the present decree.
§ 2. The liquid assets of this Common Fund shall be invested by preference in loans
to collectivities taking part in the execution of works with a view to reducing unemploy¬
ment under the conditions laid down in the following articles.
Article 2.
The collectivities referred to in the above article may be departments, communes,
syndicates of communes, large railway systems of general interest, public establishments^
colonies, protectorates, concessionnaires of public works specially appointed by a decree
which is subject to the counter-signature of the Ministers of Finance, Public Works and
Labour, or any other regularly constituted organs which obtain the guarantee of a
department or of a commune.
Article 3.
The programme of works to which the provisions of the present decree will apply
shall be drawn up by a National Commission the composition of which shall be fixed by
a decree issued by the Council of Ministers on the proposal of the Minister of Labour.
Article 4.
§ 1. Loans granted out of the Common Fund instituted by Article 1 above shall be
concluded under contracts of a uniform type drawn up by the National Commission and
between the collectivities concerned and the Deposit and Consignment Office. The said
1 Information additional to the reply previously sent by this Government and published in the
first volume.

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