File No. 861.51/378

The Secretary of State to the Ambassador in Russia (Francis)

[Telegram]

324. Answering your 513, October 24, 3 p.m. Following is summary of memorandum delivered to British Embassy, October 21, in regard to a proposal on the part of the British Government to establish in the Archangel and Murmansk districts of Russia a new currency redeemable at a fixed rate in pounds sterling.

[Here follows summary of memorandum of October 21 to the British Embassy, ante, page 77.]

Lansing