868.51 War Credits/790
The Secretary of State to the Ambassador in the United Kingdom (Winant)
Sir: A copy of the Embassy’s despatch No. 12,945 of December 27, 1943, and copies of the enclosures thereto, were transmitted by the Department to the Treasury Department with a request for its views and comment on the matter.
For the Embassy’s guidance in making informal reply to the Foreign Office informal communication, No. R 12968/3988/19 of December 16, 1943,76 on this matter, the Department quotes the substance of a letter from the Acting Secretary of the Treasury,77 dated March 14, 1944, replying to this Department’s inquiry on the matter:
“As stated in this Department’s letter of May 4, 1942,78 the Secretary of the Treasury is not in a position to formally consent to the action proposed by the Greek Government for the abolition of the International Financial Commission at Athens, because the Secretary of the Treasury was authorized to execute the agreement of May 10, 1929, pursuant to the Act of Congress approved February 14, 1929.79
“Nevertheless, if such action is taken by the Greek Government, the Treasury Department feels that in order to safeguard American interests, paragraph 4 E should be slightly altered to read as follows:
‘The provisions of sub-paragraphs 4 C and 4 D above will apply mutatis mutandis to the intergovernmental payments due to be made in respect of the 1833 Three Powers Loan and of the agreements between the Government of the Hellenic Republic and the United States of America, dated May 10, 1929 and May 24, 1932.’80
“In order to further stress the interest of this Government in the proposed draft, the Treasury Department wonders whether the British Foreign Office might not wish to give consideration to adding the following statement to sub-paragraph 4 I:81
‘In view of the interest of the United States of America as indicated in subparagraph 4 E above, like notification will be transmitted to the Government of the United States of America.’ ”
Very truly yours,
- This was an enclosure to despatch 12,945, supra.↩
- Daniel W. Bell.↩
- Not printed; for quotation from this letter, see telegram 2251, May 19, 1942, to London, Foreign Relations, 1942, vol. ii, p. 796.↩
- 45 Stat. 1176.↩
- The latter agreement is printed in the Annual Report of the Secretary of the Treasury … 1932, p. 291; for correspondence on this subject, see Foreign Relations, 1932, vol. i, pp. 626 ff.↩
- This paragraph stated the Greek Government would inform the United Kingdom when the various measures set forth in the draft agreement would be put into effect.↩
- Assistant Secretary of State.↩