The Sun.
London, England, 1855-07-17 00:00:00

THE NEW FRENCH LOAN.

The terms of the new French loan of 30,000,0001.,
published yesterday, are nearly identical with those of
the loan for 20,000,0001. contracted at the commence-
ment of the year. The subscriptions, as in that case,
are to be in Four-and-a-Half per Cents. or Three per
Cents., at the option of the lenders. The Four-and-a-
Half per Cents., which in the former loan were issued at
a net price of 89f. 7c., are now to be issued at 89f. 46c. ;
and the Three per Cents., which were then fixed at 63f.
17c., are to be at 63f. 27c. The average margin of pro-
fit compared with the existing quotations on the Bourse
is rather smaller on the present occasion, as it is a little '
below 3 per cent., while it then amounted to nearly 34
per cent., the avidity of the public to subscribe even for
a larger sum on less favourable conditions being reason-
ably relied upon, from the extent to which the applica-
tions for the previous loan exceeded the total required.
The period of nearly 20 months allowed for the comple-
tion of the instalments is a favourable feature, as it seems
to indicate confidence that the resources of the Govern-
ment may be sufficient during that time.
It is understood that Messrs. Rothschild will open a
list in London for the new French loan. Messrs.
Baring have not yet intimated their intention.

Her Majesty will hold a Privy Council to-morrow
(Wednesday), at Osborne, Isle of Wight.
The directors of the London, Brighton, and South
Coact Railway have decided upon recommending the
payment of a dividend for the half year of 2/. 2s. per
cent. on the consolidated stock of the company.
Ma. ROEBUCK, M.P., AND Ma. URQURART.—For
the last fortnight Mr. David Urquhart has been ad-
dressing meetings at Leeds, Birmingham, Sheffield,
Bradford, and other manufacturing towns, endeavouring
to make political capital under pretence of supporting
Mr. Roebuck's motion of censure on the Aberdeen
Government for the mismanagement of the war. At
the Sheffield meeting Mr. Urquhart stated that "he bad
all his life looked upon Mr. Roebuck with suspicion,"
but, believing that he bad been " startled into ho-
nesty" by the awful facts disclosed before the Sebastopol
Committee, he now gave his confidence and support to
Mr. Roebuck. The petition adopted by the meeting
having been forwarded by Mr. A. Booth, the chair-
man, to Mr. Roebuck for presentation to the House
of Common=, the honourable member replied as follows :
—" 19, AShley-place, Pimlico, July 6.—Dear Sir,—
The
petition shall be presented to-night. I am very
grateful to my constituents for the support which they
thus give me. I cannot refrain, however, from remark-
ing upon the observations of Mr.i Urquhart on myself.
He takes upon himself to say that he looks upon me
with suspicion, and all because I have never put faith in
the idle ravings in which he (Mr. Urquhart) has for so
many years indulged. I bad a good opportunity of
judging of Mr. Urquhart's ability and judgment when
he was a member of the House of Commons, and a mot e
inefficient and weaker person I never saw there. He
evinced great animosity and great imbecility, uttering
strong opinions,
always supported by weak arguments,
damaging every cause he espoused, doing mischief even
ito the truth—it, by any strange accident, lie was on the
side of truth. That such a person looks upon me with
isuspicion is, I think, a circumstance rather in my favour.
I remain, sir, your obedient servant,J, A. Boma,—
Mr. A. Booth.'"