893.51/2384
The Secretary of State to the Italian Ambassador (Macchi di Cellere)
Excellency: In acknowledging your communication of August 8, 1919, stating that the Italian Government is desirous that Italian bankers should participate in Chinese loans in connection with the new consortium which is being organized by British, French, Japanese and American bankers, I have the honor to state that at the Bankers’ Meeting at Paris of May 11 and 12 it was agreed to consider the admission of members of bank groups representing other countries after the organization of the consortium had been perfected. This question is one primarily for the consideration of the bankers and the Department is laying it before the American Group. In placing this matter before the American Group the Department, while unable to press the matter, is stating that it views with sympathy the desires of the Italian Government.
Accept [etc.]