The Archive · 1928

Soviet Default on Bonds

U, S, State Department and the Chase National Bank New York, Jan, $1.

As the result of strong protest by holders of Imperial Russ ends, Pong in default, the State Department has been communieating with the Chase National Bank in regent to the sale of Soviet railway bonds in the United States. This Bank recently advertised that it would provid of principal and interest in dollars on bonds sold by the Soviet to individuals through the Post.

The State Department has not yet made any official pronouncement on the matter, but it is known that gficials of that Department are following it up closely.—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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