GERMANY POLICY OF THE DEPARTMENT OF STATE Regarding AMERICAN BANKERS' LOANS TO GERMAN STATES AND MUNICIPALITIES-Continued Date and Subject number Page 1925 Sept. 23 (329) From the Ambassador in Germany 174 Warning against the granting of loans by U. S. bankers to Sept. 29 (344) From the Ambassador in Germany 176 Further warning against present policy of U. S. bankers with respect to loans in Germany. 176 Oct. 16 (173) Oct. 17 (184) Oct. 23 (409) Oct. 29 (188) Oct. 31 (193) Nov. 6 (195) Nov. 11 (196) Nov. 13 (194) From the Ambassador in Germany (tel.) From Gilbert: Information of numerous inquiries received from U. S. bankers as to the attitude of the Transfer Committee toward the service of German loans floated in the United States; and of replies made to the effect that neither the Agent General nor the Transfer Committee could give any assurances regarding the service of such loans. Request for copy of the form letter evidently being used by the Department in advising interested bankers. To the Ambassador in Germany (tel.) Form letter used by the Department (text printed) advising interested bankers of the disfavor with which German authorities view municipal loans, and suggesting that the attitude of the Transfer Committee should be sought and their clients informed of the situation. From the Ambassador in Germany Communiqué issued by the German Ministry of Finance From Gilbert: Inquiry whether the Department is still us- To the Ambassador in Germany (tel.) Instructions to inform Gilbert that the Department is still using the same form letter to interested bankers. Advice that the Department does not wish to appear to enter into controversy with Gilbert on the matter. To the Ambassador in Germany (tel.) Instructions to make discreet investigation as to the instituting by the German Government of a stricter control over loans from abroad. To the Ambassador in Germany (tel.) Instructions to telegraph substance of statement reported to have been made by Gilbert to press correspondents; to make discreet investigation whether the Advisory Board has approved certain further loans; to report whether the Board has jurisdiction over state and industrial loans also, and whether the Board or any other German agency is likely to be able to control German borrowing from abroad. From the Ambassador in Germany (tel.) Gilbert's statement to the correspondent for the Chicago Daily News (text printed) with respect to the Transfer Committee's position on German loans to be floated abroad. 177 178 179 180 181 181 182 GERMANY POLICY OF THE DEPARTMENT OF STATE REGARDING AMERICAN BANKERS' LOANS TO GERMAN STATES AND MUNICIPALITIES-Continued Date and number Subject Page 1925 Nov. 14 (196) Nov. 19 Nov. 20 Nov. 21 From the Ambassador in Germany (tel.) Report on further loans approved by the Advisory Board; From the Assistant Secretary of State to the Secretary of State To the Secretary of the Treasury Transmission of a proposed form letter to bankers differing from earlier letter only in the deletion of suggestion that the attitude of the Transfer Committee should be sought and clients informed of the situation. To Harris, Forbes & Company Department's attitude with respect to a proposed loan of $3,000,000 to the city of Duisburg. 182 183 184 186 Nov. 24 (511) From the Ambassador in Germany 187 Report on loans approved by the Advisory Board since November 14; German Government's realization that at least a show of instituting some effective control of public loans must be made. ARRANGEMENT BETWEEN THE UNITED STATES AND GERMANY GRANTING RELIEF FROM DOUBLE INCOME TAX ON SHIPPING PROFITS From the Ambassador in Germany (tel.) Foreign Office note verbale, September 5, 1923 (text printed), stating that the Finance Minister has issued an ordinance exempting U. S. steamship companies from the German corporation tax; and indicating a willingness to grant income tax exemptions to individual Americans carrying on shipping traffic in Germany, on condition of U. S. reciprocity. From the German Embassy Finance Minister's ordinance, August 10, 1923 (text printed), exempting companies domiciled and managed in the United States from tax on incomes derived exclusively from the operation of ships, under condition of full reciprocity and reservation of revocation at any time. To the Ambassador in Germany (tel.) Instructions that U. S. citizens not residing in Germany should also be exempt from tax on earnings derived exclusively from the operation of ships in order to satisfy the equivalent exemption provision of section 213 (b) (8) of the 1921 revenue act; also to ascertain whether any income tax has been demanded or collected from such citizens or from domestic corporations since January 1, 1921. 188 188 189 GERMANY ARRANGEMENT BETWEEN THE UNITED STATES AND Germany Granting ReliEF FROM DOUBLE INCOME TAX ON SHIPPING PROFITS-Continued Date and number 1924 Jan. 22 (526) Mar. 20 (3354) Sept. 12 (734) Nov. 8 (3581) Dec. 12 (843) Subject From the Ambassador in Germany Foreign Office note verbale, January 19, 1924 (text printed), stating that the Finance Minister issued an ordinance on January 5, 1924, exempting from income tax the incomes derived from the operation of ships by U. S. citizens not residing in Germany; also stating that such citizens and domestic corporations have not been subjected to income or corporation tax since January 1, 1921; and inquiring whether the United States will now grant similar exemptions. To the Ambassador in Germany Note for the Foreign Office (text printed) stating that the exemption must apply to all corporations organized in the United States regardless of place of management and that Germany must show that U. S. citizens not residing in Germany and domestic corporations have not been and will not be subjected to income or corporation tax on any income earned since January 1, 1921. Instructions to furnish the Department with copies of the reply, the ordinance of January 5, 1924, and section 108 of the German Federal tax law. From the Chargé in Germany Foreign Minister's note verbale, September 3, 1924 (text printed), expressing readiness to amend ordinance of August 10, 1923, so that exemption will extend to all U. S. companies regardless of the location of their management, and willingness to abstain from supplementary collection of taxes since 1921. Transmittal, also, of ordinance of January 5, 1924, and section 108 of the German Federal tax law (texts printed). To the Chargé in Germany Instructions to inform the Foreign Office that upon the completion of the action contemplated in the note verbale of September 3, 1924, the equivalent exemption provision of section 213 (b) (8) of the 1921 and 1924 revenue acts will be satisfied and the exemptions arranged for will be applicable for the year 1921 and subsequent years. From the Ambassador in Germany Foreign Office note verbale, December 11, 1924 (text printed), stating that an ordinance was issued December 9, 1924, making exemptions applicable to all U. S. companies regardless of the location of their management. 1925 Feb. 20 (3715) To the Ambassador in Germany Instructions to inform the Foreign Office of the U. S. Treasury ruling that Germany has fulfilled all the conditions. Page 190 191 193 195 197 198 GREAT BRITAIN CONVENTION BETWEEN THE UNITED STATES AND GREAT BRITAIN RELATING to AMERICAN RIGHTS IN THE CAMEROONS 1925 Feb. 10 Convention Between the United States of America and Great 199 Britain Relating to American rights in the Cameroons. GREAT BRITAIN CONVENTION BETWEEN THE UNITED STATES AND GREAT BRITAIN RELATING TO AMERICAN RIGHTS IN EAST AFRICA Date and number Subject Page 1925 Feb. 10 Convention Between the United States of America and Great 203 Relating to American rights in East Africa. CONVENTION BETWEEN THE UNITED STATES AND GREAT BRITAIN RELATING TO AMERICAN RIGHTS IN TOGOLAND 1925 Feb. 10 Convention Between the United States of America and Great 209 Relating to American rights in Togoland. STATEMENT BY THE BRITISH GOVERNMENT REGARDING TREATMENT OF AMERICAN NATIONALS AND GOODS IN TERRITORIES UNDER BRITISH "C" MANDATES 1925 Mar. 16 (1111) Apr. 25 (133) June 12 (172) From the Chargé in Great Britain Foreign Office note, March 14 (text printed), quoting the assurance which the Dominion Governments are willing should be given with respect to treatment of U. S. nationals and goods in territories under British "C" mandates. To the Chargé in Great Britain (tel.) Note for the Foreign Office (text printed) acknowledging the British note of March 14 and intimating that U. S. views would be communicated later. Instructions to request information with respect to the reference, in the proviso of the assurance, to existing treaty engagements toward third parties. From the Ambassador in Great Britain (tel.) Report that there are no existing treaty engagements toward third parties affecting the territories in question and that the proviso was inserted merely as a precaution of a general nature. 214 216 217 DELAY IN EXCHANGE OF RATIFICATIONS OF THE PALESTINE MANDATE CONVENTION PENDING AdjustmenT OF CASES INVOLVING THE CAPITULATORY RIGHTS OF AMERICANS 1925 Mar. 7 (94) From the Chargé in Great Britain (tel.) Apr. 21 (631) Foreign Office inquiry whether the United States is prepared to proceed to the exchange of ratifications of the Palestine mandate convention. To the Chargé in Great Britain Instructions to inform the Foreign Office that the Department desires, before proceeding to the exchange of ratifications, to receive assurances regarding the adjustment of certain decisions against U. S. citizens rendered by the Palestine courts. 217 217 GREAT BRITAIN DELAY IN EXCHANGE OF RATIFICATIONS OF THE PALESTINE MANDATE CONVENTION PENDING ADJUSTMENT OF CASES INVOLVING THE CAPITULATORY RIGHTS OF AMERICANS-Continued 1925 June 23 (68) Sept. 29 To the Ambassador in Great Britain Instructions to inform the Foreign Office that the Department desires to receive assurances also regarding the adjustment of increased customs dues imposed upon Mr. Sachs, an American citizen. Page 220 From the Counselor of Embassy in Great Britain 224 225 Oct. 13 (224) Oct. 14 (431) Nov. 24 (356) Nov. 28 (349) Dec. 3 (370) Confirmation of authorization to proceed to the exchange of Foreign Office note, October 13 (text printed), suggesting From the Ambassador in Great Britain (tel.) Report that the Foreign Office reply to the Department's note of acknowledgment has been delayed by the inundation of work caused by the recent royal death. To the Ambassador in Great Britain (tel.) Instructions to inform the Foreign Office orally that the Report that ratifications had been exchanged that after noon. 226 229 229 230 DISSATISFACTION OF THE UNITED STATES WITH THE DECISION RELATING TO THE IRAQ MANDATE TAKEN BY THE COUNCIL OF THE League of NATIONS AT THE INSTANCE OF GREAT BRITAIN 1924 Oct. 21 (369) Nov. 3 (449) To the Ambassador in Great Britain (tel.) Instructions to make oral inquiry concerning a resolution defining British responsibilities and rights in Iraq, adopted on September 27, 1924, by the Council of the League of Nations at the instance of the British Government. Information that the U. S. Government was neither consulted nor informed with respect to the proposed action. From the Ambassador in Great Britain_(tel.) Report that the resolution of the League Council and the treaty of King Feisal together now constitute the British mandate, the earlier draft mandate never having been submitted to the League because of Iraq susceptibilities. 230 231 |