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|