860h.51/147: Telegram

The Minister in the Kingdom of the Serbs, Croats and Slovenes (Dodge) to the Secretary of State


7. I am informed by the Acting Minister of Finance that the Yugoslav Government has practically concluded a loan for $100,000,000 at 8 percent with Blair and Co., of New York; loan to be used to redeem dinar paper currency up to $30,000,000 and the remainder to be used by the Government in the construction of Belgrade-Adriatic and other railways. If the Government decides not to engage upon the construction itself, Blair is to have the construction option.