Show Cut By Bank of of France PARIS Jan 9 UP The U-The The W-The The Bank of Trance France today reduced its it discount rate from 5 6 per cent to 4 per cent coat It was the second reduction of the rate within two weeks On December December December Decem Decem- ber 31 following Premier Laval's parliamentary victory the rate rata was reduced from 6 to 5 per cent The rate rafe was raised to 6 per cent last ast November to check the flight light of gold which had drained francs about 1 during the year However the governments government's suc sue success success cess cods in avoiding parliamentary obstacles obstacles ob ob- ob on both domestic and international international inter inter- national matters checked tho the flow of oC gold from tho the republic and permitted permitted permitted per per- the reduction in the bank rate |