The Archive · 1916

French War Loan a Great Success

Paris, Dec. 30.

The French War Loan has ended in great success, Fra, 14,500,000,000 has been eubscribed in capital, though the richest quarter of the country is occupied by the enemy, Fre. 5,500, 000,000 has been subscribed' in specie, and 3,500 milliards in cheques of the Treasury, The resources of the country are still considerable, France has borrowed later than her enemies and her reserves only come into line when others show already signs of weariness.

Quite contrary to whet hap. pened in Germany, the loan was entirely free. In Germany and Austria a compulsory loan had not been lawfully prescribed but practically the last German War Loan was compulsorily subscribed.

Text read from the printed page and cleaned; old type leaves the occasional error.

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