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The two Bills which we mentioned last week for establishing

the new Sinking Fund and for regulating the powers of the Banque de France-were passed by the French Chamber on Thursday, August 0th. The franc improved, touching 1581 to the one day and is now at about 1170. :On Saturday' the Senate and Chamber - -passed resolutions to introduee the Sinking Fund scheme into the Constitution, andthe:National Assembly met at Versailles on Tuesday. The scene was set with a dignity which was not sustained by the 'Socialists and Communists who indulged in noisy obstruction, but the Bill was passed by a majority of over 500 votes.

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