The weekly balance sheet for the Banque de France for the period ending December 30 was expected to shai advances by the bank to the Treasury amounting to two to three billion francs.
Figures released however, show that these advances totalled five billion francs.
On the other hand, the Treasury's current account recovered to Frs.
1,085,000,000 as against Frs. 32,000,000 the previous week.
A communique accompanying the balance sheet pointed out that the requirements of the Treasury including the Frs. 6,000,000,000 which were repaid to British banks on the railway loan, amounted to Frs. 10,000,- 000,000 for the month of December, and exceptional measures had to be resorted to.
e Communique added that the Treasury's available funds amounted to "Frs. 7,911,000000 including -Frs. 1,045,000,000 worth of loans not yet rep&id and authorized advances still uprised amounting to Frs. 5,180,-
000,000.
Qther figures for the week under review show that advances on securities increased by Frs. 89,000,000, and thirty day loans rose by Frs. 146,000,000.
Total liabilities at sight increased by "Frs. 6,279,000,000 including a rise of Frs. 2574000000 in notes in circulation and of Frs. 3,705,000,000 in creditors' current accounts.
The gold reserve was practically unchanged while the gold coverage ratio dropped from 5341 per cent to 50.53 per cent—Havas.
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