File No. 814.51/208.

The Secretary of State to the American Chargé d’Affairs at London.

[Telegram—Paraphrase.]

The American bankers have been advised by Cooper that the Council of foreign bondholders cannot consider any proposal unless submitted and approved by the British Foreign Office. It is important that the agreement be approved promptly by the Foreign Office. Copy of the agreement was sent with instructions of January 7. In the meantime Cooper’s copy should be available to the Foreign Office.

Knox.