863.51 Relief Credits/388: Telegram

The Ambassador in Germany (Wilson) to the Secretary of State

234. Department’s 62, May 7, 3 p.m. Press reports mentioned were based on Frankfurter Zeitung article stating that certain German laws respecting capital transfer would be applied to Austria.

Text of German decree of April 29 effective April 30 now available. It provides that the following German laws will be applied mutatis mutandis in Austria.

1.
Law of June 9, 1933 governing payment obligations abroad as amended by decree of February 23, 1935 (the latter introduces foreign exchange control and payment restrictions into the Saar).
2.
Law of May 27, 1837 regulating capital repayments owed abroad and decree of October 11, 1937 based on this law.
3.
Law of June 26, 1936 governing foreign currency bonds.
4.
Decree of December 5, 1936 governing debts in foreign currencies.

All of foregoing have been subject of reports from Berlin.

Wilson