The Issue of Tls. 1,200,000
Monday was the opening day for public subscription for debentures Aesuod by the. French Municipal Council to the amount of Tir. 1,200,000 bearing interest at Gb po: cent. per annum. This is the second issue within a month of French debentures, the first issue, which' amounted to Tls. 800,000 and carried the same rate of interest, having been taken up actually before the announced date of issue.
To a very large extent the same hus occurred in connexion with the present issue. By the end of last. week Tls. 900,000 has been sub-seried, and on Monday afternoon only about three lace were available for the pablic.
On Tuesday afternoon it was learned that except for a very small emourt the French Municipat Toan. of Tls. 1,200,000 bearing interest at 64 per cent. had all been taken up. It was anticipated that by evening the whole amount would have been. subscribed.
Som+ weeks ago the French Council issued Ts. 800,000 of debentures at 6} per cent., and these were taken up actually before the date of public issue. An additional Tls. 1,200,000 was offered on Monday, and with the exception three lacs the issue was subscribed. before hand. Since then further ap-_ plications Move been received, and with only " few thousands to be
Text read from the printed page and cleaned; old type leaves the occasional error.