868.51 Public Works/67: Telegram

The Ambassador in Italy (Fletcher) to the Secretary of State


52. My 44, June 4, 5 p.m. An official of the Foreign Office has informed me that the views of the British Government as set forth in the proposed communication to be handed the Greek Government by the International Financial Commission are to be accepted in principle by the French and Italian Governments. I understand, however, that the French Government is seeking an agreement to exclude the Turkish-Greek loan from the application of the provision against the extension of the activities or the prolongation of the life of the Commission. It is also my understanding that the Italian Government will suggest to the British Government that provision be made for the Greek, French and Italian Governments to consider the desirability of extending the activities of the Commission in the event of an extreme emergency which might jeopardize the credit of the Greek Government.