462.00R296/4330
Memorandum by the Acting Secretary of State of a Conversation With the Japanese Ambassador (Debuchi), July 2, 1931
Mr. Debuchi told me that Japan was cordially in accord with the President’s proposal for a holiday on debts. He said that Japan had not answered formally because they had received no formal notification, but as soon as we would so notify them, they would be very glad to make a formal reply.
[No formal acceptance by Japan of the President’s proposal has been found in Department files, although Japan did accept; see letter from the Secretary of State to the Chairman of the Ways and Means Committee of the House of Representatives, December 16, 1931, printed on page 240.]