741.8411/12–744: Telegram

The Minister in Ethiopia (Caldwell) to the Secretary of State

255. Re Legation’s 248, November 29. Financial matters have now been reached in negotiations de la Warr informed me. He stated that: British finally received financial statement indicating balanced budget and no need of financial aid and at same time request for loan of 10 million pounds; as British consider loan not likely to be repaid request was refused with statement that loan was contrary to British policy; but development trust of 1 million pounds a year for life of agreement may be arranged; he regretted trust was not joint British-American affair, and said British are prepared to undertake it alone, but hoped there might be consultation and cooperation, or at least coordination of such British and American efforts in Ethiopia, particularly UNRRA30 work.

  1. United Nations Relief and Rehabilitation Administration.