6 JANUARY 1866, Page 9

The „Bank of France return also exhibits unfavourable changes frtim

the preceding statement, the supply of bullion having declined to the extent of nearly 1,000,0001., or to 16,747,1001., whilst bills discounted have been augmented by 2,840,000/. The effect of these alterations has been a rise in the rate of discount at Paris from 4 to 5 per cent.