845.515/539a
The Under Secretary of State (Stettinius) to the British Ambassador (Halifax)
My Dear Mr. Ambassador: Following your letter to me of November 9, 194340 relative to the proposed lend-lease silver arrangement [Page 250] for India, officials of the Department have had many conversations on the question with our Treasury. I am now informed and am happy to tell you that the Treasury has made a favorable recommendation on the proposal to the Foreign Economic Administration. I believe, therefore, that only certain details which can probably be easily worked out are all that remain before the plan can be put into effect.
With best wishes,
Sincerely yours,