462.00R296/5961
The German Ambassador (Luther) to the Secretary of State
Mr. Secretary of State: With reference to the interview which I had with Your Excellency on Wednesday, the 11th instant, I have the honor to advise Your Excellency that the Reich Government has published the following official statement:
“The opportunity is given to owners domiciled in the United States of shares of the American block of the Dawes-Young Loan, to whom these shares belonged on July 1, 1935, to sell their interest coupons maturing on October 15th or December 1st, 1935, to agencies in the United States yet to be announced. These agencies will purchase interest coupons on a dollar basis at a price equivalent to a rate of interest of nominally 5% for the Dawes Loan and 4% for the Young Loan. Details of this settlement will be announced at the proper time.
Redemption of interest coupons, the owners of which do not avail themselves of this opportunity to sell, will take place in accordance with the regulations announced on the occasion of the last due date.”
Accept [etc.]