AMERICA, London, Jan. 1.
King George V_ telegraphed to President Po.ncaré his good wishes;|for the New Year saying that he was certain it would witness a drawing closer of the friendship and alliance existing between France and Great Britain, and hoping that the war would' soon be brought to a victorious conclusion, Pres'dent Poincaré replied reciprocating King George's wishes and expressing confidence in the victory of the Allies. He said that France was resolved to fight for me complete triumph over the enemy.
Washington, Jao. 1 President Wilson's New Year M. Kahn, French Consul General, has courteously communicated the following telegram sent from the French Legation Peking yesterday.
From January 1 all the large banks have decided to dispense with the benefits of the moratorium and to pay all calls on deposits and current accounts.
This will put into circulation an enormous quantity of money and shows that after five months of war the economic situation in France is excellent. This is further shown by the fact that, in spite of the moratorium, over two milliards of francs have been subscribed by the public to the war fund
Text read from the printed page and cleaned; old type leaves the occasional error.