Memorandum by the Under Secretary of State (Phillips)

The German Ambassador left with me the accompanying note49 and talked to me at great length about the unfortunate situation which had arisen as a result of the Treasury decision. He laid great stress upon the importance of confining our list of products affected by the [Page 249] Treasury’s decision to the first list comprising, as I understand it, some ten articles of German export. If this could be done, the Ambassador felt that it was the beginning of possible readjustment.

I wish you50 would let me know precisely the situation in regard to the application of the Treasury ruling.

William Phillips
  1. Infra.
  2. There is no indication as to whom this memorandum is directed.