893.51/2494: Telegram

The Ambassador in France (Wallace) to the Secretary of State

1551. I conveyed to the French Government the information contained in your 6072, 11th October to London and have today received a communication from Minister for Foreign Affairs stating that in as far as the French Government is concerned it is disposed to agree that this loan is not inconsistent with the understanding reached between the financial groups for the establishment of the financial consortium in China.

[Page 529]

Mr. Pichon adds that he is convinced that French Government will not be alone of that opinion if all the governments will make some concessions to reach a definite agreement in regard to the Chinese consortium.

Wallace