Paris, Jan. 6.
The French authorities are keeping their own counsel concerning the measures to be adopted in support of the steps taken by the British authorities their defence of in sterling.
The "Agencie Economique," however, today issued the following announcement: "We are authorized to state that the Bank of France is in complete agreement with the Finance Minister to continue to give the Bank of England their effective and confident support, in addition, to which the large French banks will add their efforts towards giving the authorities in London solidarity of ce-operation."
It is generally assumed that there will be a tightening up of existing measures against speculation in exchange. The present position, dating from the days when the French Frane needed defending, is_ that no loans against gold are permitted. Moreover, it is necessary to produce commercial documents before exchange can be purchased. Despite the latter practice, there has been a certain amount of short-selling of franes against dollars, notwithstanding the joint efforts of the Ceneral Banks 10 discourage such transactions.
The British Banks in Paris have not received any specific instructions, end, it is pointed out, that while forward sterling continues to command a premium over francs, there appears to be no reason for any special measures.
Text read from the printed page and cleaned; old type leaves the occasional error.