860h. 51/573

Blair & Company, Incorporated, to the Secretary of State

Dear Sirs: We and our associates are conducting negotiations to purchase $3,000,000 Six-Months 6% Treasury Gold Notes of the Government of the Kingdom of the Serbs, Croats and Slovenes, to be dated as of September 30, 1925.

The purpose of this issue is to refund an equal amount of Six-Months Treasury Gold Notes of the Kingdom which we purchased last March and which will mature on September 30, 1925.

Will you kindly advise us, at your early convenience, if the State Department has any objection to our offering the above-mentioned issue.

Yours very truly,

Blair & Co. Inc.