893.51/2342
The Ambassador in France (Wallace) to the Acting Secretary of
State
Paris, July 17,
1919.
[Received July
31.]
No. 252
Sir: In confirmation of my telegram No.
1098 of yesterday’s date,39 transmitting the reply of the Minister for
Foreign Affairs relative to the formula to be adopted as the
interpretation of the support which will be given by the American,
French, British and Japanese Governments,
[Page 467]
to the agreement concluded on May 12th between
the financial groups constituting the new Consortium in China, I
have the honor to enclose herewith copy and translation of Mr.
Pichon’s note.
I have [etc.]
[Enclosure—Translation]
The French Minister of Foreign Affairs
(Pichon) to the American
Ambassador (Wallace)
Mr. Ambassador: By a note dated the 7th
of this month, Your Excellency was good enough to propose the
following formula as interpreting the support which the
American, French, British and Japanese Governments intend giving
to the agreement concluded on May 12th last between the
financial groups constituting the new Consortium in China:
“The Governments of each of the four participating groups
undertake to give their complete support to their
respective national groups, members of the consortium,
in all operations undertaken pursuant to the resolutions
and agreements of the eleventh and twelfth of May 1919
respectively, entered into by the bankers at Paris. In
the event of competition in the obtaining of any
specific loan contract, the collective support of the
diplomatic representatives in Peking of the four
Governments will be assured to the consortium for the
purpose of obtaining such contract.”
I have the honor to inform Your Excellency that, in accordance
with the communications exchanged recently with your Embassy,
the above is indeed the interpretation of the support that the
French Government gives to the arrangement which has been
reached between the financial groups. It seems to it therefore
that the above formula should be adopted.
Kindly accept [etc]
S. Pichon
Paris
, July 16,
1919.
