462.00R296 Bank for International Settlements/86

The Acting Secretary of State to the Chargé in Switzerland (Moffat)

No. 873

Sir: With reference to your despatch No. 1336 dated March 5, 1930, there is enclosed a copy of an instruction of this date to the American Consul at Basel regarding the Bank for International Settlements.34 The Legation should exercise a general supervision over the Consulate’s execution of this instruction, carefully reviewing the Consulate’s reports and making to the Consul such suggestions as may seem appropriate.

It is presumed that the American members of the Board of Directors of the Bank will report primarily to the American banking group interested in the establishment of the Bank and will not have occasion to request the assistance of the Legation in their capacity as Directors or officers of the Bank. They should be granted the customary courtesies accorded to all distinguished Americans. Any request from them for any special facilities over and above such courtesies should be carefully considered in each case and not treated as a matter of routine.

I am [etc.]

J. P. Cotton
  1. Infra.