The Secretary of State to the Chargé in Switzerland ( Atcherson )
83. Reference previous correspondence.7 This Government would be pleased to enter at this time into negotiation of a treaty of friendship, commerce and consular rights with Switzerland. The Department wishes to be informed whether the Swiss Government now favors entering into negotiations to supersede the treaty of 1850 as it did in October 1923. If the Swiss Government should be favorable to beginning negotiations at an early date, the draft of a treaty and instructions will be sent to you immediately.
The principle of the draft in regard to commercial provisions will be unconditional most-favored-nation treatment.
The draft also will include provisions in regard to rights of nationals of each country in the other; protection of property; and rights and immunities of consuls. The draft proposed will be in all essentials like the treaty between the United States and Hungary, signed June 24, 1925,8 which in turn is similar to the treaty of December 8, 1923, with Germany, certain provisions relating to shipping being omitted as inapplicable to countries having no seacoast.