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            <text>From: Beygoulu (BERGERY)
To: Vichy (President Laval, Ministry of Foreign Affairs)
4 July 1944
Fax
No. 660-662, 663-666

(6 Parts of a 7-part Message)

Reference your telegrams No. 233-239 and --0-- 278b.

First, I ask you to repeat the figures in French francs and Swiss francs appearing in the last line of your telegrams No. 278b.

The Turkish Delegation, upon its return to Ankara verified for me on behalf of the Association Nationale des Forteurs Français de Valeurs Mobilieres, the copy of the various documents drawn up as a result of the Paris negotiations.

In a dispatch bearing the number 54, in the diplomatic pouch which is at present en route, I have furnished the Department with all the information available at the time concerning the Anglo-Turkish and Turco-Swiss negotiations relative (Part 2) to the (719337) loan.

(Finally?) the English negotiated at 60 --0--, a price which the Turks present as a --0-- which cannot serve as a precedent, the Swiss having 10 times more securities than the English, and the French 12 times more than the Swiss.

The Swiss Minister, entrusted with conducting the Turco-Swiss negotiations here has thus far tried in vain to secure equality of treatment and has come up against the argument that any concession made to Switzerland would necessarily have to be made to France. In vain M. LARDY replied that if Turkey considers it necessary that there be equality of treatment between Switzerland and France, (Part 3) there is no reason to refuse to permit that equality between England and Switzerland.

The Turks up to now would not hear of this and they told him that on the (Tbasis?) of compulsory redemption, the maximum requested --0-- would be 650 French francs which, converted into Swiss francs at the rate of 6.2, gave 40 Swiss francs, but they added that the matter is one of optional redemption on the (Tbasis?) of the stock exchange and not of compulsory redemption. According to them the (Tbasis?) of the stock exchange gives the following figures: 300 French francs for the securities and 84 for the interest outstanding, or in all 304 French francs which, converted at 6.2, give 23.63 Swiss francs.

Fax

File D-5249 --continued- Examination Unit,</text>
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