851.5151/993: Telegram

The Chargé in France (Wilson) to the Secretary of State

920. For Secretary of the Treasury from Cochran. At 7:30 this evening Baumgartner gave me the following latest text in English of a declaration drafted by the British which the French are willing to accept integrally:

[Here follows substantially the text of the declaration issued, mutatis mutandis, on September 25, 1936, by the three interested Governments, page 560.]

This is the text which the British propose, after studying the French compromise draft which I submitted in translation in my 915, September 24, noon.33

Baumgartner is cabling tonight to Appert34 in New York the text in French of the declaration, corresponding to the above British draft declaration, which the French are prepared to make. Appert will take this to Washington at once so that you may have before you all texts, in the language of each country.

Baumgartner told me that the British proposal for cooperation between French and British stabilization funds, quoted in my 917, September 24, 2 p.m.,33 has not been definitely accepted by the French. Cobbold of the Bank of England is arriving in Paris at 9:30 tonight to discuss this and other details of technical cooperation with Fournier of Bank of France.

[Page 559]

Spinasse35 has gone to Bern and Rueff to The Hague to inform the Swiss and Netherlands Government respectively of the negotiations.

It is still hoped that agreement between the three powers may be reached in time for announcements Friday night together with call for parliamentary session. [Cochran.]

  1. Telegram in four sections.
  2. Not printed.
  3. Jean Appert, Financial Attaché of the French Embassy.
  4. Not printed.
  5. Charles Spinasse, French Minister for National Economy.