The Sun.
London, England, 1854-12-29 00:00:00

THE NEW F.RENCIT LOAN.

awe ralloviing is the bill laid before the Legisla-
tive Corps, authorising the Minister of Finances
to contract a loan of 500 million francs :--
"EXPOSE DES MOTIFS.

" Gentlemen,—When at the commencement of the
present year France thought it her duty to engage in
war required for the defence of a friendly Power, and the
maintenance of the equilibrium of Europe, the Govern-
ment demanded at the same time the material support
necessary to sustain a great struggle, and the moral sup-
port which must result to it from the assent of the coun-
tryexpressed through yon.

" You have nobly answered to the appeal by unani-
mously voting a loan proportioned to the necessities and
previsions of the moment: The resources obtained
by that means have been consecrated to the object for
which they were created. The produce of the emission
of Rentes authorised by your deliberation of the 7th
March has been even more than absorbed by the deve-
lopment given to our forces by land and sea, and by the
expenses of a war carried out on distant shores hitherto
unknown to the greatest flight of our arms.
"The courage of our soldiers and of our allies has
added new pages to our victories.

" Against an enemy, for a long time past prepared for
the struggle, and attacked in the very heart of his power
in the Black Sea, the most glorious feats of arms have
not yet terminated the war. Persevering efforts are
imposed on the two Great Powers of the West, if they
wish to obtain the triumph necessary for the accom-
plishment of this object, the solid and definitive re-
establishment of European peace. These generous
efforts for the success of a great cause the Government
of the Emperor expects with confidence from your
patriotism.
" Taking into consideration the expenses actually
accomplished, and the military eventualities of the year
1855, it demands from you to carry to 500 millions
the produce to be realised by a new loan. Less
resources will not be sufficient to support in the East
a numerous army, and to meet all the necessities of the
struggle.
" You will think, no doubt, as we do, that the ex-
penses of the war in the East ought to be especially
raised by a loan. Whatever may be the present sacri-
fices imposed by circumstances, the Government of the
Emperor, in stopping an ambition which would every
day fortify and extend itself, spares to a not distant
fame sacrifices which we are convinced would lame been
still greater.
"At the same time that we demand in the new law
the latitude of execution which you have accorded to it
in the former operation, the Emperor has not hesitated
to tell you beforehand his idea as to the mode which he
thinks most opportune, and which bay been recently
practised with too much success not to be attempted
again.
" The mode of loan by national subscription was at
your last session unknown or forgotten. It has been
justified in France by a striking trial, and already imi-
tated in other countries.

" Without excluding any other mode the Government
has been anxious to inform you in advance of the sense
in which it intends making use of the faculty with which
you will doubtless invest it, by reproducing the terms of
the bill accepted by you in your last session.
"In voting patriotically the resources for which the
Government applies to you, you will teach, gentlemen,
our enemies, as our allies—you will inform Europe, whose
sympathies accompany us, of the firm resolution of the
French Government and nation to carry on with energy
the war which they have undertaken.
" And our patient, our heroic army, already proud of
the testimonies of gratitude which have emanated from
a friendly nation, and highly recompensed by the eulo-
gluing of the Emperor, will also receive from the legis-
lative body of France those encouragements which carry
with them the means of continuing the course of victory,
and causing it to bear proper fruit.
(Signed) " ESQUIROU DE PARIEU, President
of the Section of Finance at the
Council of State.
" AD. VUITRY.
" E. BOINVILLIERS."

"BILL TO AUTHORISE THE MINISTER OF FINANCE TO CON-
TRACT A LOAN OF 500 MILLIONS OF FRANCS.

" Art. 1. The Minister of Finance is authorised to
have inscribed on the great book of the public debt the
amount of Rentes necessary to produce, at the rate of
the negotiation, 500 millions of francs.
" These Rentes shall be alienated in such a manner as
to rate and conditions as shall best conciliate the interests
of the Treasury, with facility of negotiation.
"A sinking fund of one•huudredth part of the nominal
capital of the Rentes created in virtue of the precodhl
authorisation, shall be added to the donation of the
Caisse d'Amortissement.
41 Art. 2. The sum raised by the loan shall be applied,
under the title of extraordinary resource, to the wants of
the year in which it shall be raised.
"This bill has been deliberated on and adopted by
the Council of State, in the sitting of December 27,
1554."

IMPORTATION OF FLAX.--From a return of the House
of Commons, lately issued, it appears that in 1853 the
flax' and tow or codilia, of hemp and flax imported into
the United Kingdom amounted to 1,902,447 c :as., of
which 1,294,827 cwts. were from Russia; and that the
hemp undressed amounted to 4218,770 cwts., of which
80,06 cwt were from Russia.