868.51 WarCredits/437

The Acting Secretary of State to the British Ambassador ( Howard )

Excellency: I have the honor to acknowledge the receipt of Your Excellency’s note of August 23, 1926, suggesting that the representatives at Athens of the United States, France and Great Britain make a joint protest in connection with the supplementary contract concluded with Greece by the Foundation Company of New York with reference to the Salonica plain drainage scheme.

As His Majesty’s Government is undoubtedly aware, Greece has lately more than once taken action contrary to the provisions of the Agreement of February, 1918. For example, the agreement signed on December 27, 1923, between representatives of Canada and Greece, relating to the settlement of certain indebtedness of Greece to Canada,8 involved the pledge by Greece of new security in violation of the Agreement of February 1918. Also, pursuant to an agreement dated June 30, 1926, between the Hellenic Government and the Svenska Tandsticksaktiebolaget of Stockholm,9 Greece similarly has taken action in violation of the 1918 agreement.

In connection with consideration of the proposed procedure, it would be helpful to learn the reasons which have led His Majesty’s [Page 375] Government to suggest the making of a joint protest at this time and the restricting of the scope of such a protest to the particular case mentioned in Your Excellency’s note.

Accept [etc.]

Joseph C. Grew
  1. For text of agreement, see Greek Official Gazette, Aug. 20, 1924 (vol. i, No. 198), p. 1164. See also telegram No. 88, Dec. 6, 1924, to the Minister in Greece, Foreign Relations, 1924, vol. i, p. 139.
  2. For text of agreement, see Greek Official Gazette, July 2, 1926 (vol. i, No. 219), p. 1741.