462.00 R 29/4221: Telegram
The Chargé in France ( Whitehouse ) to the Secretary of State
[Extract]
Paris
,
January 14, 1928—7
p.m.
[Received January 15—2:30 p.m.]
[Received January 15—2:30 p.m.]
13. Reparation 72. At Reparation Commission meeting today:
. . . . . . . . . . . . . .
- (4)
- Commission took note of the issue of Austrian renewal bonds to replace the relief bonds of 1920.
- (5)
- Took note of the amounts fixed in the restitution agreements concluded between the Austrian and certain Allied governments but declared that in so doing, having regard to the terms of the Austrian relief bonds, its decision must not imply an invitation to the Austrian Government to discharge these liabilities save by preliminary agreement with the governments holding relief bonds. Reservations, however, were made by various delegations which would have the effect of authorizing in fact certain payments under the restitution agreements. I entered a reserve as to the position of the United States toward these reservations. The Commission finally decided to communicate its decision to the Austrian Government and the relief bond holding countries, with the suggestion that they reach agreement as to the payments covered by the reservations. The payments involved are not of considerable importance.
- (6)
- As regards the proposed new Austrian loan, the Commission decided that “It will be willing, in principle and to the extent which it may deem necessary, to ensure the service of the loan to give favorable consideration to an application from the Austrian Government for an exception in favor of the said contemplated loan under Article 197 of the Treaty of St. Germain3 of such revenues of Austria as may hereafter be approved by Reparation Commission from the first charge for treaty obligations created by that article.” In these matters I found it advisable to make a statement based on the first part of paragraph two of the Department’s Reparation 37.4
. . . . . . . . . . . . . .
- (8)
- Date [of] next meeting February 18.
Whitehouse
- Malloy, Treaties, 1910–1923, vol. iii, pp. 8149, 3216.↩
- Not printed; it stated that an enabling act of Congress would be necessary to effect the actions requested regarding the suspension of the lien and the postponement of the payments due for the relief credit bond. (File No. 863.51 Relief Credits/5.)↩