The Secretary of State to the French Ambassador (Claudel)
The Secretary of State presents his compliments to His Excellency, the Ambassador of the French Republic, and has the honor to acknowledge the receipt of his note of March 5, 1928, concerning the rights of the Bank of France with respect to gold held by the Soviet regime. The Ambassador refers to the prohibition placed in 1921 on the acceptance by Assay Offices of gold emanating from Russia, and inquires whether he can rely upon the maintenance of the measures which have been taken by the American Government with regard to imports of Russian gold.
In reply, the Secretary of State has the honor to state that he has been advised by the Treasury Department that there is no present intention on the part of that Department to change the position, maintained by it since 1920, with respect to the acceptance of gold [Page 831]of Soviet origin, when tendered at United States Mints and Assay Offices. In this connection there is enclosed a copy of a statement issued to the press by the Secretary of the Treasury on March 6, 1928, setting forth the attitude of the Treasury Department with regard to the purchase of the Soviet gold referred to in the Ambassador’s note.