306 



FRANCE. 



cordingly offered at the rate of 60 francs 60 

 centimes, and the whole sum was immediately 

 subscribed for. Until the end of October the 

 provisional government had not contracted for 

 any loan in the proper sense of the word, 

 while the floating debt has been increased by 



the issue of Ions to an extent which cannot, 

 as yet, be even approximately estimated. 



At the outbreak of the war, an act for the 

 budget of 1871 had not been passed. The 

 estimated budget for 1870 was as follows (1 

 franc = 19 cents) : 



RECAPITULATION. 



