845.515/539a

The Under Secretary of State (Stettinius) to the British Ambassador (Halifax)

My Dear Mr. Ambassador: Following your letter to me of November 9, 194340 relative to the proposed lend-lease silver arrangement [Page 250] for India, officials of the Department have had many conversations on the question with our Treasury. I am now informed and am happy to tell you that the Treasury has made a favorable recommendation on the proposal to the Foreign Economic Administration. I believe, therefore, that only certain details which can probably be easily worked out are all that remain before the plan can be put into effect.

With best wishes,

Sincerely yours,

E. R. Stettinius, Jr.