The Minister in the Kingdom of the Serbs, Croats and Slovenes (Dodge) to the Secretary of State
[Received June 6—11:57 a.m.]
27. Your 20, June 1, 7 p.m., 21, June 2, 2 p.m.11 In reply to paraphrase
of former which I handed to him Minister of Finance sent me letter
In reply to my request for further details regarding expenditure mentioned, 5, Minister of Finance wrote second letter:
“Remainder means that large portion remaining after satisfying necessary and production needs such as construction ministries will be used for retiring largest possible amount of paper money. Cost of public buildings cannot be specified. Regarding money retirement, new issue could not be made without law of Parliament and consent National Bank, both of which unlikely. Strictly speaking, indebtedness of the Jugo-Slav Government to Government of the United States is left without prejudice for World War Debt Commission.[”]
At a subsequent interview Minister of Finance declared emphatically he was unable to furnish more detailed information owing to fluctuating prices and uncertain requirements of government but entire loan would be used for necessary productive purposes in excess of ordinary needs already assured from revenues.
Your 22, June 4, 1 p.m. Hallgarten bid refused and Blair loan contract signed last night conditionally on approval of Government of the United States. Contract also signed simultaneously Railway [Page 1014] and Port Construction Company, Guernsey corporation, represented by Sheldon, Blair agent, and Praportchetovich, regarded as the same loan and construction Adriatic railway. Copies both contracts received from Sheldon who states Blair communicating them to the Department.
- No. 21 not printed.↩