Applications up to £5,000
Fully Allotted London, June 17.
The British Government's £80,000,- 000 sterling defence loan has been fully. subscribed.
Dealings opened yesterday morning at a premium of around five shillings.
Applicants for amounts up to £5,000, it is understood, received a full allotment, and an allotment o approximately two-thirds was given to applicants for higher amounts.—Reuter.
France, published today, reveals that nted commercial bills aug-by 265,000,000 francs while advances on securities lessened by 45,000,000 francs. Short-term loans, however, made on public bills, increased by 509,000,000 francs.
The Bank's note circulation went Gown by 842,000,000 francs Various creditors' accounts, however, increased by—1.584.000,000 francs, arising mainly from private deposits, 1,153,000,000 francs, and from public deposits, 404,000,000 1cancs, Consequently, liabilities at sight were raised by 741000000 franes and the percentage of gold cover of note circulation dropped from 47.13 to 46.83.—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.