868.51 P 92/–: Telegram

The Chargé in Greece (Goold) to the Secretary of State

54. The Chase Securities Company and Blair and Company have offered to finance Messrs. Prezanis and Kapsambolis, Greek engineers, in construction and maintenance of the Greek national road system. The amount involved is about thirty million dollars. The Government is seriously considering the bid of the engineers mentioned against whom are bidding others backed by the Asiatic Petroleum Company (Shell). A bond issue will probably be necessary. Is your policy with reference to Greek authorities issues [sic] still as outlined in your number 20, of April 26, 6 p.m.? A reply tomorrow morning would be appreciated, as the Greek Ministers interested are departing for Geneva during the afternoon.

Goold