The Sun.
London, England, 1868-08-05 00:00:00

REMARKS.

Uniform atmospherical pressures exist over our islands this morn-
ing, and readings are generally somewhat lower. On our south coast,
however, scarcely any change is observable, but since last evening
there is a tendency of pressures increasing. The highest pressure, on
the W. coast of France, exceeds the least, at Greencastle, by about a
quarter of an inch. Temperature is generglly high, especially in the
North. The winds have been generally light from S.E. to S.W.
Cape Gris Nez has had a northerly wind—force 7. Winds now are
from the westward in the S,—fresh at Biarritz ; but light and varr
able over the British Isles, On our E. coast the weather is fine:
much fog and mist prevails on the southern coasts of England and
Ireland, and on the west coast of France. Rain is reported fross the
south of Ireland.

Sixty-nine and a quarter seems a short price for a loan
whilst the English Three per Cents. are at 94 ; but the
French funds have always been at a great discount, and
the price at which the new loan is to be issued is above the
average. There is, moreover, every likelihood that the
favourable conditions just announced will not long con-
tinue. Notwithstanding the reckless financial policy of
the Empire, the subscriptions are expected to
be more than tenfold. The commercial difficulty
is much the same as in England. There is a want, not of
money, but of enterprise : the unequalled sum of 43
millions sterling in the Bank cellars betokens a time of
great stagnation. The full conditions of the loan have
been published in the Moniteur. Should the total sub-
scriptions exceed the sum of the loan-217,160,000, with a
supplement of £860,000 the applications for the five-francs
rente, the minimum amount, will be granted, and then a
proportionate reduction will be made. The payment of the
capital will be in this way: A deposit equal to the interest
on the amount applied for will be acknowledged by a
receipt. The receipt will be exchanged for a certificate of
loan, upon which the preliminary deposit must be increased
to ten per cent. The remainder will then be payable in
eighteen monthly instalments, ending February 21, 1870.
Instalments not paid within one week after they fall due
will be charged five per cent ; after one month the
whole amount of the certificate may be required,
or the Minister of Finance may order the
sale of the route. Payments in advance, at the moment
of subscribing, will only be received on demands for sf. of
rente, which are not subject to reductions ; a discount of
2 per cent, per annum will then be allowed from the date
of the closing of the subscription ; after the allotment
anticipated payments of one or more instalments will he
permitted only on certificates of less than 100 f. of rente,
and the same deduction of 2 per cent. will be accorded.
The funds have already gone up rapidly. The state of
French commerce is such that this enormous sum will be
swallowed up, and, like Pharaoh's fat kinc, leave no trace.
An interview is spoken of as probable between the
three Ministers of War representing Baden, Bavaria, and
Wiirtemberg. This meeting, which is fixed fur the end of
August, will discuss the question of a permanent military
commission for the common defence of the three
States. Hitherto Baden and Wiirtemberg have not
received this proposition very favourably on account
of Prussian opposition. We are not, however, informed
that Count Bismarck has given his consent to the project,
and the smaller States are certainly not likely to act with-
out it. It will be remembered that by a treaty signed
shortly after the war of 1866, the South German States
placed their armies under the control of Prussia in the
ease of war.