861.51/2–545: Telegram

The Ambassador in Canada (Atherton) to the Secretary of State

6. Bankhead10 and Fox11 discussed with Carl Fraser, Director of Mutual Aid Administration, inquiry transmitted your No. 13, February 1, 7 p.m. According to Fraser, there is no new development in connection with post war credits for Russia other than already subject of discussion with American Lend-Lease officials. Fraser suggests inquiry may have arisen as result of fact that Canadian authorities have accepted credit arrangements regarding certain Russian protocol purchases of equipment having long term value while similar credit arrangements have not yet been accepted by the United States regarding protocol purchases from the United States (the difficulty in the latter case being a matter of interest rate). Should your inquiry relate to some other point, please advise and we will discuss again with Canadian authorities.

  1. Henry M. Bankhead, Counselor of Embassy for Economic Affairs.
  2. Homer S. Fox, Commercial Attaché in Canada.