863.51 Relief Credits/247: Telegram
The Ambassador in France ( Edge ) to the Secretary of State
[Received June 26—8:45 a.m.]
195. Reparation 312. The Commission has just received a letter from the Austrian Minister at Paris to the effect that in the negotiations taking place in London for the projected Austrian loan the American bankers have stated that United States Treasury before subordinating its relief bond lien on Austrian assets in favor of the new loan would insist on the formal fulfillment of the condition expressed in Public Resolution Number 81, approved February 4, 1929, “that the Reparation Commission has given an appropriate release in respect of such loan”. The Austrian section of the Commission is meeting this afternoon to consider the question and will probably recommend the Commission to adopt at its meeting on the 28th instant a decision to the effect that as of the date of putting into force of the Hague agreement of January 20, 1930, concerning Austria, the first charge on Austrian assets created by article 197 of the Treaty of Saint Germain ceases to have any effect.