File No. 855.48/617
The Acting Secretary of the Treasury ( Crosby) to the Secretary of State
My Dear Mr. Secretary: For the information of your Department, I beg to inform you that a credit of $2,500,000 has to-day been established in favor of the Belgian Government, on which an advance of $1,000,000 has been made.
This credit has been established after conferences with the Belgian Minister in which he represented that the British and French Governments are no longer prepared to advance funds for the payment of purchases of army supplies made by his Government in the United States. The maintenance of the Belgian Army in the field is dependent on their obtaining in this country the necessary provisions, munitions, etc., for its support, and in order that there might be no interruption in their securing the necessary supplies and equipment it was felt advisable to at once establish this credit in their favor.