462.00 R 294/361: Telegram
The Secretary of State to the Ambassador in Great Britain (Kellogg)
298. For Logan. L–112. Your L–203, August 8, 4 p.m. Please inform Belgian Assistant Delegate that the Treasury understands that Belgium has accepted proposition submitted in paragraph 3 of Dept’s telegram of July 15 and that the Treasury is acting in accordance with this understanding. In case you feel that a further statement is necessary you may add that the Government of the United States notes that Belgium is in accord with the view that the Government of the United States should be debited only with what it may actually receive, and you may state further that the Government of the United States, as previously indicated, is not directly concerned with the question of amounts to be debited to Belgium by the Reparation Commission, but that this Government sees no objection to the suggestion that Belgium should not suffer any loss by exchange upon these deposits.