Balkans pact on division of gold

YUGOSLAVIA - Yugoslavia and four former Yugoslav republics have agreed to divide $87m (£55m) worth of gold left over from the Yugoslav federation, a Bosnian government spokesman said yesterday.

The Financial Times reported the agreement recognises the rights of Croatia, Bosnia, Slovenia and Macedonia as heirs to the federation, denied them by the regime of former Yugoslav president Slobodan Milosevic.

Yugoslavia, the federation now comprising only Serbia and Montenegro, would keep 38 per cent,