lo be borne in mind in the event of any reconsideration of the question being 
desired by the French Government. Subject to this I do not object to thestatement 
that you make. 
In the event of anv modification being made, I should expect, in order to secure 
equal treatment among creditors, that other creditors of France would take into 
consideration a corresponding modification of debts due to them. 
Believe me my dear M. Caillaux, 
Yours sincerely, 
WINSTON CHURCHILL,