868.51 War Credits/492

The Acting Secretary of State to the Greek Minister (Simopoulos)

Sir: I have the honor to acknowledge the receipt of your note of January 18, 1928, and to confirm your understanding of the terms of the proposed plan of financial settlement between Greece and the United States reached as a result of informal conversations which you have had with representatives of the Departments of State and of the Treasury. These terms as set forth in your note under acknowledgment are as follows:

[Here follow the terms given in paragraphs numbered 1 to 6 in the note of same date from the Greek Minister, printed supra.]

I note your statement that you are authorized to say that these proposed terms are acceptable to the Greek Government which undertakes to submit them immediately to the Chamber of Deputies with a view to securing its approval.

I have the honor to inform you that the proposed terms set forth in your note and recapitulated above are acceptable to the Executive branch of the Government of the United States, and that the President upon the recommendation of the Secretary of State and of the Secretary of the Treasury will submit them to the Congress of the United States with a view to obtaining the necessary authorization from that body.

Accept [etc.]

Robert E. Olds