Business: France's Bond Coup

Held by bankers & investors in the U. S. are |70,000,000 of a French bond issue, paying a high interest rate of 8%. Premier Raymond Poincaré and his Government mulled over the problem of retiring them in favor of a new loan at a lower rate to be sought in the U. S. market. Governments who have not yet agreed upon a plan to pay their debts to this country are forbidden to raise funds in the U. S.

Last week, by an international financial coup whose benefits to her will be threefold, France emerged from...

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