893.51/2835
The Acting Secretary of State to the Italian Ambassador (Avezzana)
My Dear Mr. Ambassador: I have the honor to acknowledge the receipt of your letter of May 19 to Mr. Long in which you refer to his conversation with Mr. Brambilla with reference to the participation of Italy in the new Consortium for Loans to China.
It gives me a great deal of pleasure to confirm your understanding that the United States Government would have no objection to Italy eventually participating in the Consortium as previously advised. However, it is primarily a matter for the banking groups and should be taken up with them.
In this connection I am pleased to say that a meeting of the American, British, French and Japanese Groups will be held in New York, for organization purposes, during the latter half of September at which time the suggestion of Your Excellency’s Government might appropriately receive the Group’s attention.
Yours very sincerely,