740.00112 European War 1939/8676b: Telegram

The Secretary of State to the Ambassador in the United Kingdom (Winant)

3614. For Riefler. British Embassy has informed the Department that the British permanent Under Secretary of State32 handed memorandum [Page 846] to Swiss Minister33 emphasizing grave view British Government takes of Swiss proposed grant of fresh credits to Germany. British Government puts itself on record that it reserves the right to refuse to recognize any credits granted during the war as a legitimate charge against Axis assets and that in any case British Government will regard such credits as ranking below all allied claims.

British Embassy informs us that the terms of this memorandum had Riefler’s approval. Department is inclined to favor parallel action here but before taking a decision would appreciate receiving complete copy of memorandum, detailed comments, and advice. Does the principle apply to other neutrals and, if so, is it proposed to make similar statements to them?

Hull
  1. Sir Alexander Cadogan.
  2. See telegram No. 4021, June 16, 7 p.m., from the Ambassador in the United Kingdom, p. 847.