Success, almost without parallel since the 1871 loan for the Uberation of French territory from German Invasion, yesterday was the lot of the new French National Defence Loan, the frst issue of which, amounting to Fra, 000,000,000, were over-oubseribed this afternoon, a communique Published by the Finance Ministry reports. After 5 p.m, all subserip-Hons had to be refused, It is atithoritatively" understood that the "Omelal Gazette" will publish to-day deere closing the frst Issue while the second will be floated on Tuesday and will probably amount to Frs. 2,500,000,000.. 'The total authorized mount of the loan is rs. 10500,000 Subscribers mashed to banks yesterday since the early morning and many were selling gold bars or for~ eign' currency to subscribe to the new bonds, thereby favourably affecting the position of the French Exchange Equalization Fund. Fine ancial quarters hail the success of the loan, expressing the view that it will alleviate the Treasury's situation as repatriation of exported capital helps to maintain the frane at its present parity and at the same time Involves arisen Government secur= The new bonds are redeemable optionally" in franes, sterling, oF US, dollars, thereby offering an exchange guarantee to the subscriber:—Havas,
Text read from the printed page and cleaned; old type leaves the occasional error.