740.00112 European War 1939/6–2844: Telegram
The Minister in Switzerland (Harrison) to the Secretary of State
[Received 1:25 p.m.]
4105. The following telegram has been sent to London.
1110, June 28, 10 a.m. Paraphrase of text referred to in paragraph 1 my 1109 (4104 Department) follows:
“Quota for Group 4. Our authorities are willing to treat the global ceiling of 35% of 1942 exports as embracing both Germany and other Axis countries while permitting within this ceiling utilization of sub-ceiling for individual items to the amounts set forth in the agreement of December 19, 1943 i.e. up to 50%.
Compensation Agreement. In view of the considerations urged by Swiss representations at meeting of Mixed Commission on June 10, American and British authorities have decided to abstain from making any request for new branches [tranches] under Compensation Agreement. Furthermore, prompt consideration would be given to the question of cancellation of part of the outstanding balances under compensation deal should this prove mutually helpful.[”]
Repeated to Department as Legation’s 4105.