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United States Department of State / Foreign relations of the United States diplomatic papers, 1937. The British Commonwealth, Europe, Near East and Africa
(1937)

Poland,   pp. 525-563 PDF (14.2 MB)


Page 539


sy's 34, March 8, 6 p. m., and to reports received from various quar-
ters concerning present negotiations with the British. After refer-
ence -to other complaints of alleged discrimination, he was told that
the Department has not ceased to follow developments in the matter
with very great interest and that it expects that in case more favorable
treatment than that proposed February 24 shall be accorded by Poland
to any one of its outstanding external obligations, then the same treat-
ment shall be extended to all Polish obligations as promised by the
proposal announced by the Foreign Bondholders Protective Council
on February 24.23 Stress was laid both on the insistence that there
should be no discrimination against American holders of Polish bonds
and on the objections to and the detrimental effects of bilateral pay-
ments agreements with single creditor countries.
  Please discuss in similar sense with Polish authorities.
                                                             Hums
860C.51/1219: Telegram
  The Ambassador in Poland (Biddle) to the Secretary of State
                              WARSAW, September 28, 1937-5 p. m.
                              [Received September 28-2: 30 p. m.]
  117. Your 67, September 18, 1 p. m.; my [113,] September 25,
noon.24 Following new developments with respect to Polish currency
obligations have just come to my attention.
   (1) Immediately after my call on Friday,25 the British Ambassador
saw Acting Minister of Foreign Affairs and left on behalf of his
Government a strong memorandum insisting that British holders
of Polish obligations be accorded on October 15 next as favorable
treatment as bondholders of any other nationality.
  (2) These representations, together with my own, have evidently
aroused the serious concern of the Polish authorities who called con-
ferences of all interested Polish agencies to consider the situation.
  (3) Ambassador Potocki, who was consulted with respect to my
representations, informed me that the Polish Government is plan-
ning to authorize a representative in the United States to issue in
the near future a reassuring statement addressed to American bond,
holders.
  (4) Representatives of the Standard Car Finance Corporation have
just signed contract with Ministry of Finance providing for full pay-
2' For the text of this statement by the Council, see Annual Report, 1936,
p. 705.
"Latter not printed.
   X September 24.
539
POLAND


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