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200283563
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Memorandum, State Department Summary of Telegrams
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doc
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document
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1
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id
200283563
contentType
document
title
Memorandum, State Department Summary of Telegrams
citationUrl
collections
Records of the Naval Aide to the President (Truman Administration)
State Department Briefs Files
subjects
Smith, Walter Bedell, 1895-1961
Douglas, Lewis W. (Lewis Williams), 1894-1974
Bevin, Ernest, 1881-1951
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200283563
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19
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1947-08-19
month
8
year
1947
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nara-archive
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1
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photo
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75fe0d6632c79abb
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DEPARTMENT OF STATE
OFFICE OF THE SECRETARY
WASHINGTON
August 19, 1947
SUMMARY OF TELEGRAMS
UNITED KINGDOM
During the period August 10-15 the drain on
British dollar resources increased by 53% over
the average of the previous six weeks, at which rate the British
estimate that the balance of the US loan will last only about two
weeks. Bevin has informed Douglas that, in view of the serious
political repercussions from a British economic collapse, the Cab-
inet had decided to take unilateral action to protect sterling.
He said this was not a repudiation of the loan agreement but merely
an effort to maintain the status quo pending the outcome of the
present financial talks in Washington.
BULGARIA
Our Mission in Sofia considers the issue in-
volved in the recent trial of opposition leader
Petkov so serious for US standing with democratic forces in eastern
Europe that it feels we should make a direct appeal to the Bulgarian
Government for clemency in order to demonstrate that we are not wash-
ing our hands of Petkov without a struggle.
SOVIET UNION
The USSR has rejected our position that the trans-
fer to the Soviet Union of German assets in Hung-
any, Bulgaria and Rumania prior to the entry into force of the peace
treaties must be considered only a preliminary transfer in a. note
which asserts that the Soviet action is entirely in accord with the
Potsdam Agreement and decisions of ACC Germany.
In reviewing the factors for and against Soviet
ratification of the Italian and satellite treaties, Ambassador Smith
concludes there are no apparent reasons why the Kremlin should ratify
at this time and numerous reasons why it should continue to follow
a negative course.
DECLASSIFIED
E.O. 12035, Sec. 3-402
State Dept. Guideline, June 12, 1979
By NLT- He
NARS, D to 11-12-to