File No. 102.1/451a

The Secretary of State to the Ambassador in Great Britain ( Page)

[Telegram]

6029. For Crosby from W. B. Poland:

Treasury No. 24. In connection with loans made under the act of September, important that representatives of Allied Governments should have it in mind that there has been no commitment on [Page 589] part of United States to exchange demand obligations for long time bonds, or as to maturity of bonds if exchange is made, whole matter being optional with Secretary of Treasury subject to limitations imposed by act of September.

Lansing