Office of the Historian

841.5151/957: Telegram

The Chargé in the United Kingdom (Johnson) to the Secretary of State

[Extract]
London, August 20, 1938—noon.
[Received August 20—9:45 a.m.]

800. Taylor from Butterworth. I returned from Basle 8 o’clock last night.

I met with Phillips and Rowe-Dutton—British Financial Attaché at Paris, who has been recalled from his vacation and returns to his post today.

Under instructions from the Secretary of the Treasury I explained to Phillips that in view of Daladier’s public announcement and Bonnet’s statements to Ambassador Bullitt on August 18 there appeared to be no decision for the American Government to make at this time, to which he agreed.

. . . . . . . . . . . . . .

[Butterworth]
Johnson

[On November 12, 1939, the French Ministry for Finance decreed a revaluation of the gold content of the franc, and fixed the ratio at 170 to the pound sterling.]