File No. 102.1/439
The Delegate to the Inter-Allied Council ( Crosby) to the Secretary of State
[Received December 6, 4.10 a.m.]
No. 13 for Secretary of the Treasury:
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Referring to Roumania have agreed to recommend following arrangement for Roumania worked out in conference with Antonesco, Roumanian Minister at Paris, who is in telegraphic communication with his Government. Pending further study of Roumanian situation and with a view to possible ultimate more permanent arrangement, but without any commitment to such arrangement, the three Governments to advance in equal parts $20,000,000. These advances will be used without intervention of Russian Government [Page 734] in purchasing rubles for account of Roumania by southern Russian banks for purchases in Russia, for maintenance of Army and civil population, such advances to be in four equal biweekly installments beginning December 15. The drafts are to be drawn upon their respective countries by the diplomatic agents of the three lending countries in Roumania and resulting ruble credits are to be with banks approved by such diplomatic agents to whom periodical reports of purchases are to be made. For these advances the lending Governments are to receive Roumanian obligations. Those received by United States to meet the requirements of September act. Agreement provides that advances are to be repaid half at the end of first year and half at the end of second year after the cessation of hostilities but longer obligations will doubtless be necessary. Assume we may accept here delivery of Roumanian obligations approved by Cravath. In view of the delay in transmitting cables from Washington to Jassy suggest in case arrangement approved you authorize me to send instructions directly to Vopicka. This arrangement supersedes earlier proposal for purchases in London, it being unsafe to attempt shipments through Russia.
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