868.51 Refugee Loan, 1924/12
The Greek Chargé (Tsamados) to the Chief of the Division of Near Eastern Affairs, Department of State (Dulles)
My Dear Mr. Dulles: As is already known to you, the Council of the League of Nations has expressed the wish that a loan should be granted to Greece in order to make it possible for her to complete her constructive work concerning the settlement of the refugees. This loan is to be granted under certain guaranties to be given by the Greek Government.
Yet the Greek Government cannot enter into any such obligation without the assent of the United States Government. Article 4 of the Financial Agreement signed in Paris on February, 1918,37 between the United States, Great Britain, France and Greece, states that: “until the redemption of the aforesaid obligations, no new security may be used for an exterior loan without the assent of the Governments of the United States of America, France and Great Britain.”
In view of the highly humanitarian cause in the service of which the proceeds of the new loan are to be spent, the Royal Greek Government hopes that there will be no difficulty for the Government of the United States to give their assent, as provided by the aforesaid Article 4 of the Financial Agreement of February, 1918, in order to enable the Government of Greece to provide the necessary securities.
I am [etc.]
- Not printed; see Greek Debt Settlement, p. 51.↩