462.00R296/2887½: Telegram
The Secretary of State to the Chargé in France (Armour)
152. Your 208, Reparation No. 240. We based our computations on 4 percent of average annuity of 1988 million. Service of the loan was not taken into consideration in making these calculations, but as the 79 million gold marks takes care both of mixed claims and our Army costs in 37 years at an interest rate of 3½ percent for deferred payments on latter, we are willing to stand on figures sent you in Department’s telegram No. 148. The sentence to which you refer was inserted for purpose of making sure that the 1988 million included all reparations, thus including reparations in kind, to all creditors.