Foreign Relations of the United States Diplomatic Papers, 1941, The British Commonwealth; The Near East and Africa, Volume III

841.24/603½

President Roosevelt to the Secretary of State

Washington, May 16, 1941.

Dear Cordell: I wish you would work out the over-all arrangement between the United States and the British Government relative to the consideration or considerations to be given us by the British in return for the material provided under the Lend-Lease Act.¹¹

I should like to discuss it with you at an early opportunity because I think it is important that we reach an agreement with the British at an early date.

Although I presume the agreement will not provide primarily for a return to us of cash, I think, nevertheless, you should consult with Secretary Morgenthau in regard to the broad provisions of the agreement.

Very sincerely yours,

Franklin D. Roosevelt

11. Approved March 11, 1941; 55 Stat 31.