Romanian Funding Settlement Near Next Joint Session
Negotiations for funding Romania's debt to the United States progressed at a conference of the two commissions. A settlement may be expected at the next joint session on Saturday. The debt is about 46.5 million dollars with no proposal yet submitted. American commissioners maintain terms similar to Britain’s settlement.
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Morgan Will Float Loan for Italians
New York, Nov. 20. J. P. Morgan & Co announced the flotation of a 160 million dollar loan for the Kingdom of Italy to create a gold reserve for currency stabilization. Morgan heads a national banking syndicate offering the issue for public subscription tomorrow. The loan follows Italy’s settlement of war debt to the United States and aims to restore Italy to a gold basis with a stabilized currency as a key policy.
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Morgan
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