812.51/622

The Alternate Chairman of the International Committee of Bankers on Mexico ( Lamont ) to the Acting Secretary of State

Dear Mr. Davis: Referring to our letters of December 17th and 22nd,59 regarding the proposed announcement to be given to the press for publication simultaneously in New York, London and Paris, the British Group suggests a slight modification. The proposed announcement will read as follows:

“The International Committee has had under consideration the question of calling for a deposit of Mexican Government securities. It does not feel, however, that the situation iri Mexico has developed sufficiently to make this step desirable at this juncture. The Committee [Page 236] is observing the situation carefully, and stands prepared to take steps which may seem advisable for the interests of holders of Mexican Government securities. This announcement is being made simultaneously by British and French Groups of the International Committee.”

For purposes of comparison, I quote the former notice:

“The International Committee does not feel that the situation has developed sufficiently to warrant an invitation calling for a deposit of Mexican securities. The Committee is observing the situation carefully, and stands prepared to take steps which may seem advisable for the interests of holders of Mexican Government securities. This announcement is being made simultaneously by British and French Groups of the International Committee.”

Tuesday, January 4th, 1921, has been suggested as the proposed publication date for this notice, and inasmuch as the change suggested by the British Group is of no importance whatsoever, we shall assume we have your tacit approval for us to proceed.

Very sincerely yours,

T. W. Lamont
  1. Date of receipt not indicated.
  2. Neither printed.