800.51W89 Belgium/186: Telegram

The Chargé in Belgium (Mayer) to the Secretary of State

34. Your 14, April 21, 3 p.m. Foreign Office states that Treasury draft agreement is now under consideration by the Minister of Finance and the legal adviser to the Foreign Office and that it is impossible to state when action may be expected.

Foreign Office adds by way of explanation that just before recent Danubian Conference at London14 the British Government proposed a protocol supplementary to London agreement of August 11, 1931,15 with a view of establishing a 4 percent interest rate on moratorium payments. The Foreign Office expected a decision would be made on this protocol at the recent Danubian Conference. This was impossible owing to abrupt termination of the Conference.

[Page 590]

I gather that the Foreign Office here desired await decision by other powers concerned regarding protocol, possibly at Geneva, before coming to a conclusion itself.

Mayer
  1. See pp. 846 ff.
  2. Supplementary protocol signed at Lausanne, July 5, 1932, Great Britain, Cmd. 4206, Misc. No. 12 (1932): Protocols respecting Suspension of Certain Inter-Governmental Debts supplementary to Protocols and Declarations signed at London, August 11 and 13, 1931, and January 21, 1932, p. 15.