868.51 Refugee Loan, 1924/54
The Secretary of State to Speyer & Co.
Sirs: I beg to acknowledge the receipt of your letter of December 12, 1924, and its enclosure, regarding your interest in a proposed issue of $11,000,000 principal amount of the 40-Year, 7%, Secured Sinking Fund Gold Bonds of the Greek Refugee Loan of 1924 for the purposes and under the terms set forth in your letter under acknowledgment, of which it is contemplated that $6,000,000 will be placed in the United States.
I take pleasure in confirming the statement made to a representative of your firm by a representative of this Department over the telephone that, in the light of the information before it, the Department of State offers no objection to the flotation of the above-mentioned sum of $6,000,000 in the American market.
I am [etc.]
Assistant Secretary