FRENCH WAR LOAN.

Colonist, Volume LVII, Issue 14140, 17 July 1916, Page 6

FRENCH WAR LOAN.

LARGE FLOTATION IN AMERICA

I NINETY-FIVE MILLION DOLLARS

(Reuters Telegrams.)

Washington, July 14

A statement has been issued by Pierpont Morgan and Co. regarding the French, loan. An American corporation is beirtg formed to bo known as tli© American Foreign Securities Company, to issue 90,000,000 dollars at 5 per cent, interest, withx a currency of three years secured on a basis of a 20 per cent, rtargiu by the obligations of the Governments of Argentina, Sweden, Norway, Denmark, Switzerland, Holland^ Uruguay, Brazil, Egypt, Spain, the Province of Quebec, shares in the Suez Canal Company, and bonds and shares in the. American Corporation.