Memorandum by the Secretary of State

The Canadian Minister called, upon his own request, early this morning and presented a cablegram from his Government, of which the attached is a copy.5 He said that reports to the effect that under the Johnson Act, Canada, as a member of the British Empire, could not float a loan in the United States, were doing serious injury to the loan now in process of flotation. He requested me to make a statement referring to a former statement of mine of May 5, 1934, to the press, in which I had recited the opinion of the Attorney General, to the effect that the Johnson Act did not apply to Canada and giving my approval of that opinion.

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I replied that I would be glad to take the Minister’s request up sympathetically, refresh myself on the records, and notify him of my intended action. This I proceeded later to do. We had some conversation about the trade agreements situation, especially as it relates to Great Britain, Canada and the United States, in certain of its phases.

C[ordell] H[ull]
  1. Not printed.