800.51 W 89Rumania/47: Telegram
The Secretary of State to the Minister in Rumania ( Jay )
6. London Embassy reports acceptance on January 19 by Australia, Denmark, France, Great Britain, Norway, Sweden and Switzerland of Rumanian proposal of December 24 to refund her relief debt to them on a basis providing for the repayment of such debt in 30 years, interest during that period running at 5 per cent.
The Department is advising Treasury of the foregoing with a view to the consideration of the question by the World War Foreign Debt Commission and will send you further instructions. In the meantime Department desires your comments by telegraph particularly with reference to the question whether in your opinion there is any reason why this Government should not call upon the Rumanian Government to take prompt measures looking to a similar settlement of the Rumanian debt to the United States.