860C.51/1204: Telegram

The Secretary of State to the Ambassador in Poland ( Biddle )

67. Your despatch No. 146, August 23, 1937.22 The Department has made an oral statement to the Polish Chargé d’Affaires here referring to the commitment concerning non-discrimination in the announcement of February 24, 1937, to the assurance reported in Embassy’s [Page 539] 34, March 8, 6 p.m., and to reports received from various quarters concerning present negotiations with the British. After reference to other complaints of alleged discrimination, he was told that the Department has not ceased to follow developments in the matter with very great interest and that it expects that in case more favorable treatment than that proposed February 24 shall be accorded by Poland to any one of its outstanding external obligations, then the same treatment shall be extended to all Polish obligations as promised by the proposal announced by the Foreign Bondholders Protective Council on February 24.23 Stress was laid both on the insistence that there should be no discrimination against American holders of Polish bonds and on the objections to and the detrimental effects of bilateral payments agreements with single creditor countries.

Please discuss in similar sense with Polish authorities.

  1. Not printed.
  2. For the text of this statement by the Council, see Annual Report, 1936, p. 705.