868.51 War Credits/472: Telegram
The Minister in Greece (Skinner) to the Secretary of State
[Received 2 p.m.]
33. On June 4 responsible ministers are to depart for Geneva to arrange details of another guaranteed loan which will probably be floated by Hambros Bank of London, the proceeds of the loan to be [Page 6] used for refugee and budget balancing purposes. British permission to float this loan was withheld until Greece had concluded a debt settlement with Great Britain. The Department may wish to have me object to the pledging of any Greek resources until Greece has dealt no less fairly with the United States than with Great Britain, as article 4 of the 1918 agreement provides that until the advances made by Great Britain, France, and the United States have been repaid, no further Greek resources may be pledged without the assent of the Government of the United States. The silence of the Greek Government with reference to the settlement of the American debt continues although the newspapers report that the Greek Minister at Washington, who is now in Athens, is receiving instructions in the matter.