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SECRET - 12 - The Under Secretary said that the U.S. Government would be prepared to give Spain letters on the military assistance program, the Eximbank line of credit, a letter on the avail- ability of Vietnam surplus equipment, an exchange of notes with the new interpretation pertaining to the Joint Military Group, a note extending the loan of two destroyers to Spain and a letter on Colossus I. Spain would then give the United States a note on the extension of the Agreement. Mr. Homet indicated the desirability of getting a separate letter clarifying the meaning of Article V as it applied to the termination of the five-year period. The Under Secretary stated that if agreement could be reached on the points discussed the United States would be prepared to sign all pertinent documents on March 26. He added that with regard to Colossus I there could be an exchange of notes indicating government level agreement and that further details could be worked out at the services level. With regard to the $175 million aid there would be one classified letter and an unclassified letter which would not mention any amount. Mr. Aguirre de Carcer referred to an open letter of 1963 indicating support for Spain's military industry, and said the Spanish Air Force and Army were interested in examining possi- bilities under the Military Sales Act for certain activities in the field of co-production and licensing. The Under Secretary stated that drafts had been prepared on the topics that had been discussed which Mr. Aguirre de Carcer might wish to take up with his Foreign Minister. He added that he felt that there was no need for an extension of the period of consultation and that the Secretary of State was ready to sign the extension of the Agreement on March 26. Mr. Landau pointed out the dangers of extending the period for another four months in view of Congressional concern and the investigations of military commitments now in process. He said that it was definitely to the advantage of, both countries SECRET [0 12 of NLN 04-69/8

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    "ocrText": "SECRET\n- 12 -\nThe Under Secretary said that the U.S. Government would\nbe prepared to give Spain letters on the military assistance\nprogram, the Eximbank line of credit, a letter on the avail-\nability of Vietnam surplus equipment, an exchange of notes\nwith the new interpretation pertaining to the Joint Military\nGroup, a note extending the loan of two destroyers to Spain\nand a letter on Colossus I. Spain would then give the\nUnited States a note on the extension of the Agreement.\nMr. Homet indicated the desirability of getting a separate\nletter clarifying the meaning of Article V as it applied to\nthe termination of the five-year period.\nThe Under Secretary stated that if agreement could be\nreached on the points discussed the United States would be\nprepared to sign all pertinent documents on March 26. He added\nthat with regard to Colossus I there could be an exchange of\nnotes indicating government level agreement and that further\ndetails could be worked out at the services level. With regard\nto the $175 million aid there would be one classified letter\nand an unclassified letter which would not mention any amount.\nMr. Aguirre de Carcer referred to an open letter of 1963\nindicating support for Spain's military industry, and said the\nSpanish Air Force and Army were interested in examining possi-\nbilities under the Military Sales Act for certain activities in\nthe field of co-production and licensing.\nThe Under Secretary stated that drafts had been prepared\non the topics that had been discussed which Mr. Aguirre de\nCarcer might wish to take up with his Foreign Minister. He\nadded that he felt that there was no need for an extension of\nthe period of consultation and that the Secretary of State was\nready to sign the extension of the Agreement on March 26.\nMr. Landau pointed out the dangers of extending the period\nfor another four months in view of Congressional concern and\nthe investigations of military commitments now in process. He\nsaid that it was definitely to the advantage of, both countries\nSECRET\n[0 12 of\nNLN 04-69/8"
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