462.00 R 294/148: Telegram
The Ambassador in France (Herrick) to the Secretary of State
[Paraphrase]
Paris, March 26, 1923—11
a.m.
[Received March 26—9:22 a.m.]
[Received March 26—9:22 a.m.]
147. W–12. How low a rate of interest would you accept if you approve in principle of the plan for limiting loss by having the deficits carry interest to establish the basis of 12 annual installments? [Page 149] It is my suggestion that 4% would not appear to be too low and that we might even make it somewhat less. Wadsworth.
Herrick