MORE CREDITS

Gisborne Herald, Volume LXVI, Issue 19998, 25 July 1939, Page 5

MORE CREDITS

LIKELY BRITISH MOVE OUTBIDDING THE AXIS LONDON, July 17. Yugoslavia and Bulgaria will probably receive a share of ‘the £60,000.000 in credits lor other than strictly trade purposes that Britain has decided to grant to other countries. Hitherto, the only recipients' mentioned have been Poland, Rumania,- Greece and Turkey. If the ‘British Cabinet agrees, as it is confidently expected it will, it will be a significant move, calculated to strengthen the Peace Front. It is believed that Yugoslavia and Bulgaria at the outset will receive only token guarantees, and the granting of further guarantees would depend on the degree to which these nations swing toward the anti-aggres-sion bloc.

Unquestionably London and Paris are making an effort to attract these countries. If it is successful, it will be immensely important, because it will mean that the whole Balkan Peninsula, except Albania, will then be within the Peace Front, giving the Axis Powers further reason to pause.

The joint Yugoslavian-Bulgarlan declaration a'-bout mutual interests, including a determination to retain their neutrality after following the Berlin conversations of the Bulgarian Prime Minister, M. Kiosscivanoff, and the Yugoslav Foreign. Minister, M. Markovitch, were regarded as a victory for Herr Hitler. Now the impression is gained at Whitehall that tiie pronouncement did not go ns far as Germany would have wished, although it is believed that Herr Hitler welcomes the South Slav rapprochement.

M. Kiosscivanoff admits that this was one of the subjects that lie discussed with Herr Hitler, but leading Bulgarians were greatly relieved to know that M. Kiosseivnnoff while in Berlin did not sign any menacing pact.