861.24/1041: Telegram
The Secretary of State to the Ambassador in the Soviet Union (Standley)
241. “Reference paragraph 1 of your 317.23 The sole reason for using the money value as the basis for authorization of substitution is because it furnishes the most convenient common denominator in the measurement of industrial equipment as to tonnage, complexity of manufacturing process and raw materials needed in manufacture. Commitment in Second Protocol was for this reason expressed in terms of dollar value and same terms were used in the suggestion as to basis for determining substitution. Please assure the Commissar that we used the dollar sign here not because of any limitation on available Lend-Lease credit but only as a means of computing production capacity and raw materials required. The dollar value is likewise used here as a means of estimating tonnage for shipment since it has been found that this measure bears a close relation to tonnage of types of equipment concerned.”
Foregoing is from Stettinius for Faymonville.