860h.51/174a: Telegram

The Secretary of State to the Chargé in the Kingdom of the Serbs, Croats and Slovenes (Boal)

[Paraphrase]

14. Department’s nos. 12 and 13, both of May 13. The banking firms mentioned in the Department’s telegram no. 13 have been informed that in the absence of an understanding between the World War Foreign Debt Commission and the Government of the Kingdom of the Serbs, Croats and Slovenes with respect to the refunding and settlement of that Government’s indebtedness to the United States, the Department is not able to view with favor the proposed financing.

Hughes