r Loans: Great Britain (War Debt Payment) 1366/ ^ /1+0 ^ NO. 261 Sir, BRITISH EMBASSY, WASHINGTON, D. C. June 7th, 19UC In accordance with instructions from 'Z - liis Majesty's Principal Secretary of State for Foreign Affairs, I have the honour to acknowledge the receipt of your note of the 1st June enclosing a statement of the amounts due from His Majesty's Government in the United Kingdom under the provisions of the Debt Agreement of the 19th June, 1923, and the Moratorium Agreeuent of the hth June, 2932* I am directed to express the appreciation of Hie Majesty's Government of the assurance that the Government of the United States is fully disposed to disease any proposals which His Majesty's Government may desire to put forward in regard to the payment of this indebtedness; and in return I am to assure you that His Majesty's Government will be willing to reopen discussions on the subject whenever circumstances are such as to warrant the hope that a satisfactory- result might be reached. I have the honour to be, with the highest consideration, Your most obedient, humble sevvant, ''jM (8 ) LOTHIAN he Honourable Cordell Hull, Secretary of State of the United States, Washington, D. C.