800.51W89 Greece/108
The Secretary of the Treasury (Mills) to the Greek Minister (Simopoulos)56
My Dear Mr. Minister: The Department of State has referred to me your note, dated May 12, 1932, expressing your understanding that if, after signature by Greece of the agreement concerning the postponement of payments due during the fiscal year 1932, more favorable terms should be extended to other governments included in the Joint Resolution of Congress approved December 23, 1931, such terms will also be extended to the Greek Government.
The Joint Resolution of Congress approved December 23, 1931, authorizes agreements to be concluded with our foreign debtors for [Page 627] the payment over a period of ten years beginning July 1, 1933, of the amounts postponed during the fiscal year 1932, with interest at the rate of four per centum per annum, in ten equal annuities. This is the authority under which the Treasury Department is proceeding and there can be no deviation from the terms of the Joint Resolution.
I am [etc.]
- Copy transmitted to the Department by the Under Secretary of the Treasury, May 24.↩