The Express.
London, England, 1868-08-04 00:00:00

TEE NEW iIIiNCIE LOAN.

The Star expects the above loan to be, as a financial
operation, a marked success. In France, as in England,
the excessive enterprise of 1864-66 has been followed by a
period of want of confidence and restricted financial
operations. The amount of bullion in the Bank of France
has risen to an amount higher than was ever reached
by any single banking establishment in the his-
tory of the world. The sum of 1,260,000,000 of
francs is more than double the amount ever
held by the Bank of England. During this
pause, however, in monetary enterprise, the ordinary
industry of the country has not ceased its manifold ope-
rations. The annual income of France now approaches
somewhat more nearly to that of the United Kingdom, so
that the frugal and industrious have savings to invest,
and the many who have been alarmed by the uncertainty
of the past will eagerly rash with their money to the
coffers of the government, where they deem it to be safe
if not very productive. The price of issue is 691 per hun-
dred francs, a sum which does not contrast very favour-
ably, it is true, with English Three per Cents. at 94, and
has the look of an operation by a government in distress ;
but the ordinary price of French Three per Cents. is far
below the range of Consols, and at present is somewhere
about 70;.

eftt eintrt.

OSBORNE, Auover 3.

The Queen and Prince and Princess Louis of
Heine, Princess Louise, and the Duke of Edinburgh
walked in the grounds this morning.
Prince Leopold and Princess Beatrice also went out.
The Prince of Wales, attended by Major Grey, arrived
at Osborne this afternoon from Marlborough-house.
Kiss Bond, of Southsea, has had the honour of attend-
ing at Morn° to colour photographic portraits.

The Princess of Wale*, accompanied by Prince Albert
Victor and Prince George, and attended by the Hon.
Mrs. Hardinge, drove out yesterday.
Despatches were received yesterday at the Colonial-
°face from the Governors of the Settlements on the West
Coast of Africa and Malta. Despatches were sent to the
Governor-Oeneral of Canada.

We (Times) are authorised to announce that Mr.
R. W. Dawson, C. 8., now Governor of the Bahamas,
West Indies, has been appointed to be Governor-in-Chief
of the Windward Islands ; and that Mr. John Scott, for-
merly Lieutenant-Governor of Natal, is to succeed Mr.
Rawson at the Bahama•

The Duchess de Tetuan, widow of Marshal
O'Donnell, is seriously M at Madrid.

A letter from Trouville says :—" The tropical
heat is so great that everyone comes to enjoy the sea
breeze. Trouville is full of visitors ; the hotels are
crowded, private houses are all let, and commodities of
every description are excessively dear. Rare all kinds of
phmenre are concentrated—every description of attraction
which the unusual temperature of the season will permit.
tinstreets and promenades are thickly studded with
t equipages ; a large number of persons from
amongst the highest nobility make this their rendezvous.
Large parties continue to arrive every day, attracted both
by the bathing and the races at Deauville, for this town
rivals Trouville in animation, and the two casinos vie
with each other in the gaiety and success of their recrea-
tions. To-day we have Carlotta Patti, to-morrow the
artists of the Palace Boyal present themselves."

The Gazzetta del Popo lu of Turin gives an account
of a duel between the Marquis Calani, director of the
Gawtte in that city, and M. Annaratone, advocate, mana-
ger of the journal If Fiecanago. The latter of the com-
batants was wounded in the hand, and the surgeon in
attendanoe having declared that M. Annaratone could not
pa/sully continue the duel, the seconds pronounced that
the eaeouatie was at an end.