Paris, Jan. 20.
The French government has replied to the second British note in [which the British Government re-
Jquested payment of for French war loan fand mot at the exi In its reply, the French government states that it cannot agree to pay the British subscribers in gold francs while other subscribers are paid in paper, nor can it accept suggestion to refer the case to arbitration since it amounts to a proposal to place a fresh Durden on the French treasury. It states the support of the French ture for this could not be Standard: must primarily depend.
mr further: report. may be issued pomating up the situation—Reuter.
Gold Standard at Fault London, Jan. 21-
Text read from the printed page and cleaned; old type leaves the occasional error.