PERSONAL MESSAGE FROM LORD HALIFAX FOT THE 
 
      CONFIDENTIAL INFORMATION OF THE PRESIDENT.
 
      
 
 
The Rumanian Minister told me on March 17th that he understood 
      that the Rumanian Government had been asked by the German Government 
      to agree to give the latter a monopoly of Rumanian exports and 
      to accept measures of industrial restriction inside Rumania in 
      German interests. On this basis Germany would guarantee the Rumanian 
      frontier.
 
      
 
 
The Rumanian Government, he said, were disposed to regard 
      this as in the nature of an ultimatum though I understand that 
      on their refusal to accept these terms further terms had been 
      suggested.
 
      The Rumanian Minister, emphasizing the extreme urgency, proceeded 
      to ask whether His Majesty's Government in the United Kingdom 
      would be able to give a precise indication of their position 
      in the event of Rumania becoming the victim of German aggression.He 
      enquired whether it would make it easier for His Majesty's Government 
      to do this if Poland and Rumania agreed to make the treaty provisions 
      between them clearly applicable as against German aggression 
      and if the Balkan Entente proclaimed their Joint determination 
      to guarantee each other's frontier.
 
      I told the Minister that I should report what he had said urgently 
      to the Prime Minister and my