868.51 War Credits/651: Telegram

The Ambassador in Great Britain (Bingham) to the Secretary of State

102. Department’s 85, March 6, 8 p.m. Press reports from Athens published here yesterday states that on March 4 Greek Government decided to deposit 27½ percent of the interest on foreign loans for 1933–34; that instructions had been transmitted to the Bank of Greece to transfer the necessary exchange for the payment of the coupons and that while depositing a similar proportion for French bondholders the Greek Government refused to entertain French claims for payment in gold francs and for referring questions to arbitration.

Foreign Office states orally that no British action contemplated pending receipt of official confirmation from the Greek Government of above reports.