File No. 893.51/1258.

The American Ambassador to France to the Secretary of State.

[Telegram—Paraphrase.]

It is claimed by the six banking groups that at the time Russia and Japan were admitted it was agreed that the Chinese loan should be internationalized. I am unofficially informed that the French Minister of Finance objects to internationalization. I understand from the German Ambassador that he is disposed to represent to the Minister for Foreign Affairs the importance of French agreement to internationalization but awaits instructions from his Government before acting. British Ambassador will also act if instructed. Does the Department desire me to make representations in support of either or both?

Herrick.