land continued specie payment, and the Bank rate came down to 6 per cent, A war fund of £100,000,000 was voted by Parliament. A second moratorium was proclaimed On August 7 the banks reopened, the Government £1 and 10s. noter were issued. Lloyd's insurance rates on Eastern voyages which bad risen to 90 guineas fell to 10. On August 8 the Bank rate was reduced to 5 per cent. On August 12, the Government guaranteed the k of England against loss discounting bills prior to August 4. The Stock Exchange issued a notice postponing settlement days for 14 days or one month. The third moratorium proclamation was issued.
On August 13° France a sumed war risks on cargoes valued up to 80 per cent. On August 17, Btate war risk offices in England were properly organised and rates reduced to 3 guineas per cent.
Text read from the printed page and cleaned; old type leaves the occasional error.