New-York tribune., 1920-10-20
ADV ENLISTMENT
The New 6C
French Loan

The Consul General for France in New
No-.. Ahss been instructed To nf"rsl ne
plollc that the subscrl pf ions TO the nfw
French National Loan OF 1870 VII be
officially opened on the 10Th of oc,ober
and VIII close At the end % Noyeu ber pros.
he SAID loan. which = not rcdeea srie
until 1891. VIII bear AL annua. interest Il
o. The bonds VIII b. issued At pAr. Z
100 francs. The subscriptions IA tie
United States must Be paid in tuh I'D l1i-
lars, Al the official rate of exchange on
n" DAY Of the subscriptions.
Subscriptions VIII also be accepted n
French bonds of 1915. 1915 and ia-0. up
to oae-half only OF the amount ~c-ioea
TO- inc seini-annual coupons payable N
the 10th OF June and 10th Of December
Of each year. Will be. IS we'll as the cap
ltsl itseli, exempted from all French tAAs.
present ard future.
At the present rate - exchange SID
scriDtion OF ! 600 francs 20 this loan r. irs-
sents only about SO an amount which rs i
be tripled in value whei. thc French ss-
change VIII have come baeH to is norma
A. this loan is in par, intended TO 'h.
redemption OF an important part ot -
note currency of the Ban1 Of France, -
natural consequence Will b, TIA; i, "a
near future The value OF The franc VII
greatly increase. and without any sNas
seratsd optimism. one may say tnst ne
investor Of dollars in 1920 viii. "a if-i.
receive an interest OF 10 80 of Ills
capital.
AZ the value Of The franc viii get nearer
is normal rate. the interest wlii be - 10
lo'r. and i',o when the franc reaches its
par value.
This loan IS not only a particularly al
Naniascous one, IL is also one OF thr most
secure that one might imagine. It j.
known fact that, Immediately after h0s,ii-
ties had ceased. France resumed nsr ~ort
with wonderful courage which sDrnr sd
even the most optimistic. owing - re
Intelligence. hard working HABITS snd
thrift ef her Inhabitants. she Viii so1a be
more prosperous than ever.
Win an unparalleled enersy, sne las
already reconstructed most " he r~'i
Nays. Of her tunnels. and OF he canals %
inc Northern regions. liz coai fields ~
Lens. 50 ru;tlessly and - ste tica,iy de-
stroyed by the Germans. HiiL~st 49, ui!t-
tary necess!tf are being restored end a..
daily Increasing their yield. her Afsas of
devastated lands are again under 'uiiiys
ton and are continuously being extended
by means Of modern methods.
Not satisfied with demonstrating. France
is at the Same time creating new riches.
she Is utilizing her waterfalls 0f ire 4. .ps.
the Pyrenees, the NosS-s. 20 produce en-
ergy which viii replace her present coal
shortage. She has developed her metallic
mines, namely, her iron ores from i-or-
raine, which complete hcr natural ie-
sources Of the basin ot Brlcy. that she
is now Of tho richest producers ~
iron. France IL also increasing hcr assi-
cultural production b. means Of the enor-
nous quantities of potash which shc sets
from Alsacc. the deposits OF which ars
once more a part OF her economic domain:
The vastly extended and varied colonial
posse ssions OF France ,Northerm * Nest
Africa. 1ndo China Madagascar. etc. ara
being used and exploited moro aud rore
scientifically and supply her Industry With
rs " materials in unli'nited quantities tITs
CON pleting her agrlcuiturai productiaAs
and ma king her proKressireir more sne
more nde pendent Of foreign cosnfrir>-
This short sketch will cl~asly show fhe
subscribers Of The present loan that by
cannot have better debtor than inrifty
and energetic France. fur Of riches and
great possibilities. the same France who.
in the course Of the WAT. displayed spcn
powers OF resistance. undaunted courage.
tenacity and patriotism
The subsc pit ions VIII be received WITH
out any charges whatsoever from OC.oher
20 to November 80 at the Offices OF tho
French Consulate General. East teth
street. New YORK city. II desired SUD
scriptons may be mailed. Reulittances
should b. made to the order OF the Freach
Consulate General.