868.51 Public Works/47: Telegram

The Secretary of State to the Chargé in Great Britain (Atherton)


78. Your 56, March 21, noon.

The Greek Prime Minister has expressed to Minister Skinner at Athens his anxiety at the delay of the Government of Great [Page 98] Britain, France, and Italy in giving their consent to the International Financial Commission’s servicing the Seligman loan. Mr. Venizelos states that, although rearranging the Seligman loan contract would not be impossible, such action would involve a loss of time and the restatement of terms, while the bonds might themselves have to be sold at a lower level than otherwise to the public, thus placing upon the Greek people an unnecessary financial burden.
The Greek Minister, acting under instructions, has today brought to the attention of the Department the earnest hope of his Government that the question of the International Financial Commission servicing the Seligman loan may be promptly and favorably solved.
Please keep the Department informed as to developments.