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J. 333305MONO-State Galley 304 UNCORRECTED GALLEY PROOF 861.24/1-1345 The Administrator of the Foreign Economic Administration (Crowley) to the Secretary of State SECRET WASHINGTON, January 13, 1945. DEAR ED: Ambassador Harriman's cables of January 4, 1945 1 and January 6, 1945,2 concerning Molotov's proposal for a long-term 1 Ante, p. 2 Supra. credit arrangement with the Soviet Union raise a number of questions which may be discussed with the President at the forthcoming con- ference. These questions are so important I would like to suggest that you and I speak with the President about them for a few minutes. I am enclosing a rough draft of the points which we would like to see made in the reply of this Government to Molotov's proposal and Ambassador Gromyko's note of January 4, 1945.³ 3 Not printed. This note concerned the supplying of Lend-Lease items under the Fourth Protocol. I know that you appreciate the importance of having the President informed of our united views on this subject. Sincerely yours, LEO T. CROWLEY Administrator [Enclosure] DRAFT REPLY TO MOLOTOV's PROPOSAL FOR LONG-TERM CREDIT ARRANGEMENTS WITH THE SOVIET UNION AND AMBASSADOR GROMYKO'S NOTE ON THE FOURTH PROTOCOL 1) Projects financed under the Lend-Lease Act are part of this Government's war supply program. They must be segregated and processed entirely apart from projects which may be financed under long-term credits for postwar requirements. 2) With regard to the question of long-term credits for postwar projects, this Government is now making a study as to the ways and means of accomplishing this. However, it will require some time to effect the necessary legislative enactments and a determination of the amounts that may be available for this purpose. These are conditions precedent to the formalization of a definite agreement. This Govern- ment feels that such long-term credits will be an important element in the development of postwar relations between the two countries and is pleased to receive from the Soviet Union at this time as much information as possible as to the magnitude and scope of Soviet requirements and terms of repayment the Soviet Government is prepared to offer. 3) The proposed amendment to the Master Agreement offered the Soviet Government some months ago provides the only method now possible for this Government to render greater aid to the Soviet Union than is being currently rendered under Protocol arrangements. 4) Within the authority contained in the Lend-Lease Act and taking into account the amount of lend-lease funds available at that time, this Government offered in the proposed amendment the maxi- mum program of projects which could then be undertaken to meet the

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    "ocrText": "J. 333305MONO-State\nGalley 304\nUNCORRECTED GALLEY PROOF\n861.24/1-1345\nThe Administrator of the Foreign Economic Administration (Crowley)\nto the Secretary of State\nSECRET\nWASHINGTON, January 13, 1945.\nDEAR ED: Ambassador Harriman's cables of January 4, 1945 1\nand January 6, 1945,2 concerning Molotov's proposal for a long-term\n1 Ante, p.\n2 Supra.\ncredit arrangement with the Soviet Union raise a number of questions\nwhich may be discussed with the President at the forthcoming con-\nference.\nThese questions are so important I would like to suggest that you\nand I speak with the President about them for a few minutes.\nI am enclosing a rough draft of the points which we would like to\nsee made in the reply of this Government to Molotov's proposal and\nAmbassador Gromyko's note of January 4, 1945.³\n3 Not printed. This note concerned the supplying of Lend-Lease items under\nthe Fourth Protocol.\nI know that you appreciate the importance of having the President\ninformed of our united views on this subject.\nSincerely yours,\nLEO T. CROWLEY\nAdministrator\n[Enclosure]\nDRAFT REPLY TO MOLOTOV's PROPOSAL FOR LONG-TERM CREDIT\nARRANGEMENTS WITH THE SOVIET UNION AND AMBASSADOR\nGROMYKO'S NOTE ON THE FOURTH PROTOCOL\n1) Projects financed under the Lend-Lease Act are part of this\nGovernment's war supply program. They must be segregated and\nprocessed entirely apart from projects which may be financed under\nlong-term credits for postwar requirements.\n2) With regard to the question of long-term credits for postwar\nprojects, this Government is now making a study as to the ways and\nmeans of accomplishing this. However, it will require some time to\neffect the necessary legislative enactments and a determination of the\namounts that may be available for this purpose. These are conditions\nprecedent to the formalization of a definite agreement. This Govern-\nment feels that such long-term credits will be an important element in\nthe development of postwar relations between the two countries and\nis pleased to receive from the Soviet Union at this time as much\ninformation as possible as to the magnitude and scope of Soviet\nrequirements and terms of repayment the Soviet Government is\nprepared to offer.\n3) The proposed amendment to the Master Agreement offered the\nSoviet Government some months ago provides the only method now\npossible for this Government to render greater aid to the Soviet\nUnion than is being currently rendered under Protocol arrangements.\n4) Within the authority contained in the Lend-Lease Act and\ntaking into account the amount of lend-lease funds available at that\ntime, this Government offered in the proposed amendment the maxi-\nmum program of projects which could then be undertaken to meet the"
}