  We reconsider the Constituent Chiral Quark Model of Manohar and Georgi in the
presence of $SU(3)_{L}\times SU(3)_{R}$ external sources. As recently
emphasized by Weinberg, the corresponding effective Lagrangian is
renormalizable in the Large--${\rm N_c}$ limit. We show, however, that the
number of the required counterterms depends crucially on the value of $g_A$ and
it is minimized for $g_A =1$. We then find that with a rather small value for
the constituent quark mass, which we fix phenomenologically to $M_Q =(190\pm
40)\MeV$, the model reproduces rather well the values of several well known low
energy constants. We also comment on the limitations of the model as well as on
a few {\it exceptional} applications, to more complicated low--energy
observables, where one can expect the model to make reasonably good
predictions.
