File No. 800.51/10
The Acting Secretary of the Treasury ( Crosby ) to the Secretary of State
Sir: I beg to advise you that a credit of $160,000,000 was a few days ago established in favor of the French Government for the month of August, under which advances of $8,000,000 and $32,000,000 were made on August 3 and August 6, 1917, respectively.
[Page 561]I also beg to advise you that an additional loan of $10,000,000 was to-day made to the Italian Government under the credit of $60,000,000 established in its favor on July 5, of which you have already been notified.
For your convenience, I am inserting the following tabulation of credits and loans to date to foreign Governments under the act of April 24,1917:
| Country | Loans and credits agreed upon | Loans made | Balance under established credits |
| Great Britain | $955,000,000 | $820,000,000 | $135,000,000 |
| France | 530,000,000 | 410,000,000 | 120,000,000 |
| Italy | 160,000,000 | 140,000,000 | 20,000,000 |
| Russia | 100,000,000 | 37,500,000 | 62,500,000 |
| Russia | 75,000,000 | 10,000,000 | 65,000,000 |
| Belgium | 45,000,000 | 22,500,000 | 22,500,000 |
| Belgium | 2,500,000 | 1,000,000 | 1,500,000 |
| Serbia | 3,000,000 | 1,000,000 | 2,000,000 |
| Totals | 1,870,500,000 | 1,442,000,000 | 428,500,000 |
Respectfully,