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Show The Hunk of Franco's Big Loan. The recent loan of 75,000.000 franca in gold by tho Bank of France to the Hank of England is Htill tho object of acrimonious criticism. Tlero is how tha 7."),0U0,0o0 was transferred from the lender to the borrower. The loan was made in ingots of fino gold at tho market mar-ket rate on tho day of transfer. The Hank of England was obliged to send to Paris an agent snpplied with an English treasury bond signed by the first lord of the treasury asaguaranteoof reimbursement. reimburse-ment. The ingots wero delivered in three installments in-stallments of 2.),O00,OO0 each, on throe different days, in the conrtyardof the Hank of France, to tho EngUsh representative, repre-sentative, and from Uiafc moment the precious metal was entirely at the lat-ter's lat-ter's risk. When the day of payment arrives three months hence, if no renewal re-newal is asked tho loan must be repaid at tho Bank of France, either in ingots or in pounds sterling, valued at their weight in fine gold. Paris Cor. Epoch. |