ROUMANIA: Purchase

The Roumanian government placed orders for five Italian submarines last week, negotiated the purchase of two old but reconditioned Italian destroyers, proposed to cover this deal financially out of the promised 200,000,000 lire Italian loan to Roumania (TIME, May 22, ITALY) which was projected as soon as the Italio-U. S. debt agreement was signed.

It was announced that the Italian government will seek permission from the Turkish government for the destroyers to pass the fortifications of the Dardanelles on their way to Roumania.* Experts opined that the submarines can slip past in...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!