YUGOSLAVIA
 
              It will be recalled thatYugoslavia made inquiry within 
the last month for a considerable list of American design equipment. 
Included in the list were some airplanes. Information was received 
a few days ago that Yugoslavia is purchasing airplanes from Italy 
and it is circumstantially stated that a contract to purchase 100 
Savoia-Marchette bombers, to be paid for in cash in New York at the 
rate of $115,000 each, has been signed by the Yugoslav Government. 
The information goes on to state that half of the purchase price 
has already been paid and that twenty airplanes have been delivered.
 
     For the Army and Navy Munitions Board:
 
                    CHAS. HINES,
                    Colonel, U. S. Army,
                    Chairman, Clearance Committee, 
                    Army and Navy Munitions Board.