League Loan

The United States Minister at Berne, capital of Switzerland, Joseph C. Grew, notified the secretariat of the League of Nations that U. S. representatives would attend the meeting of the Permanent Finance Commission of the League, for the purpose of considering a loan of $46,000,000 to Greece.

This sum is to be used by Greece for settling refugees from Asia Minor on farm lands in Macedonia and elsewhere in Greece. The Greek Government will pledge the customs and tobacco revenue of the country as security.