863.51 Relief Credits/214
The Austrian Minister (Prochnik) to the Acting Secretary of State
Sir: The Federal Government of the Austrian Republic proposed final settlement of their indebtedness in respect of Relief Bonds of the series “Relief Bonds Series B of 1920” (Renewal Bonds) to all creditor Governments on an identical basis.
This proposal was accepted on behalf of the Governments of Denmark, France, Great Britain, Netherlands, Norway, Sweden and Switzerland by the International Relief Bonds Committee in London on June 15th 1928.
With note ddo. November 14th 1928, No. 158/R.12 an offer of settlement was likewise submitted by this Legation to the Government of the United States on behalf of the Federal Government of Austria, and to the pertaining note were annexed the terms offered to and accepted by the aforementioned creditor nations13 showing that neither of them received more favorable terms and conditions than those embodied in a draft agreement between the United States of America and Austria, submitted to the 70th Congress and approved by said legislative body with Public Resolution No. 81.
Negotiations were pending with Italy for her adherence to the agreements made with the other Governments of the Relief-Creditor-Nations which negotiations were brought to a successful conclusion [Page 398] in an exchange of notes effected in the Hague on January 19th 1930, between Dr. Johann Schober, the Federal Chancellor, representing Austria and Signor Antonio Mosconi, Finance Minister of the Kingdom of Italy, representing the latter country.
I have the honor to submit copies of the last mentioned notes14 setting forth that also this agreement reached with the last outstanding Creditor-Government does not contain more favorable terms and conditions than those embodied in the draft agreement between the United States of America and the Republic of Austria.
Having thus proved to a conclusion that my Government fully complied with the provisions under which Congress authorized the settlement of the indebtedness of Austria to the United States of America and having previously submitted to you a power of attorney executed in my name for the purpose of signing said agreement on behalf of the Austrian Government I beg to request you to kindly set a time and place for the exchange of signatures on said instrument.
You would greatly oblige me by bringing the contents of this note to the attention of the Secretary of the Treasury.
Accept [etc.]
- Ibid., 1928, vol. i, p. 917.↩
- Enclosures not printed.↩
- Enclosures not printed.↩