The Polish Finance Council has accepted terms laid down by the Bankers’ Trust Company and Blair amp; Co., Inc., for an $80,000,000 loan to be floated here, according to reports in Wall Street. About one-fourth of the entire issue, proceeds of which are to be used to stabilize the zloty, will be offered publicly within a few weeks.
Bankers said yesterday they were without details of the negotiations which are being handled by four resident partners abroad. Some plan probably will be formulated to place an American temporarily in charge of Polish finances. Acceptance of the loan was cabled to the American-Polish Chamber of Commerce by the Polish Government.