868.51 Struma Valley/8: Telegram

The Minister in Greece (Skinner) to the Secretary of State

27. Department’s 21, April 20, 5 p.m. My information is that Struma contract is sought by Foundation Company, Foreign, of which the “A” shares are owned by various persons mainly in Foundation circles and “B” shares entirely by the Foundation Company of New York. The company is an American corporation probably under: the laws of State of New York. Blair of New York backing Foundation offer financially but is understood to have private arrangements with Hambro’s bank for such portion of new loan as may be required for London flotation. Foundation Company proposes to employ all American machinery and American staff as far as possible but not exclusively. On foregoing statement supplied by Remington, representing Foundation Company, I perceived no reasonable ground for refusing recognition of Foundation Company as essentially American unless facts can be controverted.

Skinner