893.51/2292
The French Chargé (Chambrun) to the Acting Secretary of State
Mr. Secretary of State: I have the honor to inform Your Excellency in reply to your notes of May 31 and June 5, that the Government of the Republic has approved the resolutions adopted on [Page 456] May 12 last by the banking groups for the constitution of a new Consortium. There remaining nothing but the nature and scope of the assistance to be extended to the new consortium in China to determine, my Government submitted a draft of formula on that point to the Embassies of the United States and Japan and to the British Government. It is awaiting their replies.
Be pleased [etc.]