863.51 Relief Credits/397: Telegram
The Secretary of State to the Ambassador in Germany (Wilson)
80. Your 252, May 18, 5 p.m.56 Morgan and Company, who are making every effort to obtain full service of the 1930 Loan on an international basis, have been told from Bank of England quarters that the German Government is most unwilling to recognize Austrian Government loans at all and may only be forced to do so under threat of clearing, although the British continue to make every effort to secure international solution.
Morgan’s has telegraphed Schacht,57 and while basing their main presentation on the merits of the 1930 Loan, have added that “so far as we can secure the information from presentation of coupons, it would appear that in American hands there are left outstanding an amount equivalent to only about $10,000,000.” Our Department of Commerce specialists in international accounts had estimated from all available information that there might be little more than $3,000,000 of 1930 bonds now owned in the United States.
Have you any information regarding developments with respect to obtaining non-discriminatory international solution for 1930 bonds?