Papers Relating to the Foreign Relations of the United States, 1927, Volume I

863.51 Relief Credits/6

The Secretary of State to the Secretary of the Treasury (Mellon)

Washington, December 8, 1927.

Sir: With reference to this Department’s letter of November 18,²⁵ transmitting a copy of the formal request of the Austrian Government to the Government of the United States²⁶ to grant the suspension of the lien and the postponement up to December 31, 1957, of the payments due for the relief credit accorded to Austria, I have the honor to transmit for your information a copy of telegram No. 66, dated December 2, 11 a.m., from the American Minister at Vienna,²⁷ reporting that the Austrian Government abandons its request for extension until 1957 of the time of payment of principal and interest, leaving only its request that the lien of the relief bond be subordinated to the contemplated new Austrian loan.

There is also enclosed a copy of telegram No. 447, dated December 3, 6 p.m., from the American Embassy at Paris,²⁸ reporting that the three Austrian questions mentioned in the Embassy’s telegram No. 442 of November 22, 1927,²⁹ were not discussed in the meeting of the Reparation Commission December 3, but were adjourned to the next meeting, which will be held on January 14, 1928. A copy of the Embassy’s telegram No. 442 was transmitted to you by letter November 25.²⁸

I have [etc.]

For the Secretary of State:

W. R. Castle, Jr.

Assistant Secretary

25. Not printed.
26. See note from the Austrian Chancellor to the American Minister in Austria, p. 448.
27. Ante, p. 458.
28. Not printed.
29. Telegram not printed. The three questions were: (1) Austrian restitution agreements and proposed priority over relief bonds; (2) issue of renewal bonds to replace Austrian relief bonds of 1920; (3) proposed new Austrian loan. (File No. 462.00 R 29/4204.)
28. Not printed.