763.72113/2785: Telegram
The Acting Secretary of State to the Ambassador in France (Bullitt)
916. Department’s instruction November 3, 1938,10 sequestration claims. Steps are being taken to liquidate the Alien Property Bureau [Page 342] as indicated in the Department’s telegram of December 4, 1937.11 If the release arrangement is not concluded before the liquidation of the Bureau is completed, the settlement of the French claims, in view of their number, which is in excess of the American claims, may not be possible on terms so favorable to French claimants as the terms of the contemplated arrangement. Every effort should be made to have the arrangement concluded before Congress convenes on January 3. Report present status of negotiations.