882.01 Foreign Control/191: Telegram
The Consul at Geneva (Gilbert) to the Secretary of State
[Received January 18—12:50 p.m.]
19. From Reber. Consulate’s 11, January 14, 9 a.m.7 I have today received a letter from Renthe-Fink which reads in part as follows:
“In order to make headway it would be desirable to have an official statement to the effect that the American Finance Corporation is in principle prepared to consider a readjustment of the terms of the loan agreement and in particular the conditions for the release of the second portion of the loan—provided of course that all necessary guarantees for the security of the loan are given.
As a result of his conversation with you Mr. Sugimura has consulted the president of the Committee and is instructed by him to request you to be good enough to ascertain unofficially in time for the meeting the attitude of the Finance Corporation as, under the terms of the loan agreement, no financial program can be undertaken without the consent and participation of the Finance Corporation.
You will I am sure agree that it is important, in view of the fact that the experts’ report has not yet been discussed, that the statement should be made in the Committee without any reference to the experts’ report. The president sees no objection, however, if the full contents of the experts’ report were communicated confidentially by the State Department to the Finance Corporation.”
In discussing this matter I have made it clear that in transmitting this request I am doing so as a member of the Committee acting under instructions from the president. Should the Department prefer I can reply that in our opinion this information should be obtained by the Committee direct from the Finance Corporation.
It was stated that if the Finance Corporation’s reply should prove favorable a representative will be invited to discuss the terms of revision with the Committee probably at the April meeting. [Reber.]
- Not printed.↩