The Archive · 1931

LATVIA SEEKING BIG LuaN

The Latvian Minister of Finance

Schakaikas arrived here to-day to conclude the negotiations for a '30,000,000 Frane loan, Coupled with the face that only few weeks ago France granted Latvia a three for the purchase of railway materials in France, the new loan is held in fiancial quarters here to be of great Significance inasmuch as it marks the extension of French finance into fa corner of Europe which was hit~ horta held to be a preserve of, the London City. tracting much att French loans to Yugoslavia which is already France's debtor to a large extent. The first of these loans, of 2,000,000 Franes, has been grunted tothe Central Agricultural Bank of Yugoslavia by the Paris Acceptance Bank. The second, of over twice that amount, was given directly to the French Government by the Banque de France and the Bank of International Settlements, in order to tide Yugoslavia over the difficulties arising from the Hoover Yeur—Trans-Ocean Kuo Min,

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

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