CZECHOSLOVAKIA: Skoda Loan

A major Bolshevik objective pursued without success ever since the fall of Tsardom: to float a fat Soviet loan abroad and get Bolshevik bonds regularly listed on an exchange outside Russia.

Last week this great objective was achieved by smudge-mustached Foreign Trade Commissar Arkadi Pavlovich Rosengoltz.

Amount: 250,000,000 koruny ($10,450,000.)

Lenders: Czechoslovaks.

Purpose: To supply the Soviet Union with "urgently needed Czechoslovak goods," chiefly munitions from the great Czechoslovak works of Skoda.

Guarantor: As usual with munitions loans, Skoda and other participating firms are protected by their Government's guarantee of the entire loan, the...

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!