29 OCTOBER 1870, Page 2

The Tours Government has succeeded in raising a loan of

£10,000,000, partly in London and partly in Southern France. The loan is in six per cent. bonds, issued at 85, equivalent to 7* per cent. The loan rose instantly to a premium, and should peace be declared would be greatly profitable to the subscribers, but there is one thing to be taken into account. If peace is made and anything like a decent Government established in France, it must issue a certain amount of inconvertible paper. If the amount is not too large, this may be managed without injury ; but it will severely affect rentiers, and is the most dangerous of temptations to French financiers.