Memorandum from Acting Secretary of State Dean Acheson to President Harry S. Truman

DECLASSIFIED E. O. 11652, Sec. 3(E) and 5(D) or (E) Dept. of State letter, Aug. 9, 1973 By NLT-AC. : NARS Date 62375 , DEPARTMENT OF STATE WASHINGTON SBORET April 22, 1947. MEMORANDUM FOR THE PRESIDENT Subject: Visit of Prime Minister Mackenzie King The Prime Minister is stopping informally for a few days in Washington on his way back to Ottawa after a month's vacation at Virginia Beach and Williamsburg where he went to complete his recuperation from an attack of pneumonia suffered at Ottawa in February. We understand that the Prime Minister's call on you is informal and chiefly for the purpose of paying his respects. It is possible that he will mention the following matters to you in a very general way: Your Visit to Ottawa. The Prime Minister announced in the House of Com- mons several weeks a.go that you would visit Ottawa "early in June" We have since informed the Canadians that it is your wish to make the visit on June 10, 11, and 12, and that Mrs. Truman will accompany you. Preparations are now under way at Ottawa. to Canadian Foreign Exchange Position. is SERVICE* RECORDS AND There are increasing rumors that Canada may be compelled to devaluate her dollar again. It now ap- pears that her action on July 5, 1946, in re-establishing parity with our dollar may have been premature. She then had an unprecedented U. S. dollar balance and evidently underestimated