Budapest, Feb. 27.
At a ceremony held in the Foreign Ministry, the instruments of ratification of the Hungaria-Yugoslav friendship pact of December last were exchanged this morning between M. Vladislaw Bardossy, Hungarian Foreign Minister, and M. Alexander Cincar-Markovich, visiting Yugoslav Minister for Foreign Affairs.
Count Paul Teleki, the Hungarian Premier, was present at the cere-tony.
M. Bardossy stressed that the pact "will prove to be an indispensable element to the creation of a new order in Europe and will be a contribution to the policy of our great friends. Germany and laly"—Havas Tele-monial.
Text read from the printed page and cleaned; old type leaves the occasional error.