Office of the Historian

462.00R296/2910: Telegram

The Secretary of State to the Chargé in France (Armour)

Washington, May 25, 1929—7 p.m.

174. Reparation 78. Your 233, May 23, 5 p.m. Reparation 252.

The following is furnished for your information in answer to your question as to figures: The Treasury understands that the Allied experts in their agreement have allowed the United States on account of Army Costs and Mixed Claims an annuity of 92,200,000 marks from April 1, 1929, to March 31, 1930, and thereafter an annuity of 69,200,000 marks for 36 years.55 If 41,000,000 marks are allocated for Mixed Claims, it would leave approximately 51,000,000 for Army Costs the first year, and if 40,800,000 are allocated for Mixed Claims for the next 36 years it would leave approximately 28,400,000 available for Army Costs. The Treasury estimates that these annuities would discharge the amount due on account of Army Costs in 37 years with interest at approximately 4⅝ per cent.

Stimson
  1. For the figures finally recommended for the annuities by the Committee of Experts, see Great Britain, Cmd. 3343 (1929), pp. 60 ff.↩