The Secretary of State to Blair & Company, Incorporated

Sirs: In reply to your letter of March 18, 1925, regarding your interest in the purchase of a proposed issue of $3,000,000, Six Months 6% Treasury Gold Notes of the Government of the Kingdom of the Serbs, Croats and Slovenes, to be used to refund an equal amount of Seven Months Notes of the same Government maturing on March 31, 1925, I beg to inform you that in the light of the information before it, the Department of State offers no objection to the flotation of this issue in the American market.

I am [etc.]

For the Secretary of State:
Leland Harrison

Assistant Secretary