Financial Consortium?Likely to be Formed Paris, July 7.
The newspapers state that Briand read to the Senatorial Commission two telegrams in regard to the Banque Industrielle de Chine, the first assuring the French agents in the East of the solidarity of the French state with great financial establishments, including the Banque Industrielle, and the second asking the French Ambassador in London, M. de St. Awaire, if the support of high financial circles in London could be counted upon to solve the difficulties of the bank.
The second telegram was sent on January (1) 13 but as the French Ambassador had only just taken up his new duties, it was impossible for him to give the required information. M. Briand indicated that a vast consortium. would probably be constituted to take over the affairs of the Banque Industrielle—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.