868.51/12–1047: Telegram
The Acting Secretary of State to the American Mission for Aid to Greece
Gama 691. Bank Greece cabled FRBNY $2,000,000 available in Guaranty Trust to order of FRBNY to repay part loan falling due December 24th, thus freeing like amount gold. Please advise whether AMAG approved this action. If not Dept urges AMAG take all steps to block this action pending AMAG’s full consideration Gama 6371 and reply to Dept.
It will of course be possible to repay loan in whole or part at any time by surrender gold. Have no reason doubt FRBNY will renew entire loan if requested by Bank Greece.