462.00R296/4852: Telegram

The Ambassador in Belgium ( Gibson ) to the Acting Secretary of State

98. I am informed by the German Minister that at yesterday’s meeting of the German Cabinet it was determined to continue the payments under the Belgian marks agreement. Until the Belgian Cabinet at tomorrow’s meeting accepts this as completely satisfactory, this information is confidential. I understand that all the other interested powers have assured the Belgians that there will be no objection to the payments being continued.

The Belgian Government has been assured of receiving a part of the German Railway bonds under the French unconditional annuities. They have also been informed by the British Chancellor of the Exchequer that they will not be expected to pay on their reconstruction and Congo loans during the moratorium year. I have repeated this to Livesey.75

  1. Frederick Livesey, American technical expert at the London Conference of Experts.