800.51W89 France/674: Telegram
The Ambassador in France (Edge) to the Secretary of State
[Received May 24—11:35 a.m.]
329. Department’s 202, May 23, 6 p.m. Bizot of the Ministry ot Finance states that the French Government has been informed of Germany’s acceptance of 4 percent interest rate and states that an [Page 610] arrangement modifying the relevant clause of London agreement of August 11, 1931 in this sense has been initialed by Germany and the interested governments including France.
This official advises that the French Government is now prepared to sign agreement relating to repayment of war debts suspended but desires first to be advised of method of calculation adopted for repayment of these debts. To this end the Ministry is requesting by telegraph French Financial Attaché in New York to confer immediately with the Secretary of the Treasury by telephone.
I have impressed upon officials here the necessity and advisability of quick action.
Repeated to London, Brussels, Berlin, and Rome.