860f.51/439: Telegram

The Minister in Czechoslovakia (Einstein) to the Secretary of State


54. I understand that the Czechoslovak loan now being negotiated with the National City Company will be almost entirely utilized to meet maturing short-term indebtedness, although it is needed to stabilize the currency and to establish a reserve for a bank of issue.

Legation is in possession of information that Czechoslovak Debt Funding Commission is to conclude a Government loan in Paris today, and understanding is that Dillon, Read and Company will participate.