864.50/12–545: Telegram
The Acting Secretary of State to the Representative in Hungary (Schoenfeld)
823. Developments in Hungarian financial and economic situation reported your 1028 Dec 5 and others receiving Dept’s attention. As [Page 921] Dept believes essential approach broad aspects problem on tripartite basis, it agrees Gen Key be requested ask inclusion question agenda next meeting ACC. If Soviets agree, ask Key emphasize seriousness situation and our concern in view of joint obligations assumed at Yalta. He should request consideration be given to immediate formation tripartite preliminary commission from within the ACC to propose measures which would encourage and assist promptest possible reestablishment economic equilibrium in order that Hungary may then be in a position to meet reparation and other obligations under the armistice. Key should point out that this preliminary commission, which would consider only emergency measures, might be succeeded as soon as possible by a group of experts selected by the three Allied powers who would make recommendations for a more long range program.95 For your confidential info, Secretary has under consideration suggestion that he made proposal concerning adoption of tripartite approach to Hungarian economic problems.
- Telegram 1164, December 28, 1945, from Budapest, reported that the Allied Control Commission for Hungary at a meeting on December 27 had agreed to consider what action might be taken with regard to the Hungarian economic and financial conditions (864.50/12–2845).↩