862.85/1217: Telegram
The Ambassador in France (Wallace) to the Secretary of State
[Received 6:02 p.m.]
1647. B–229 for Davis. Your B–93, Department’s 1420.86
1st. Action of Commission approval Inchcape sale of ships conforms to your views. Sale is for account England, right of Commission to make its own valuation reserved. This took place before Spa agreement considered by Commission. Italy’s insistence that sale should be for account Commission instead of for account England was attempt to force Commission to accept for all purposes including credit to Germany method of valuation expressed in Spa inter-Allied percentage agreement.
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