861.24/10–2345: Telegram

The Secretary of State to the Ambassador in the Soviet Union (Harriman)

2213. Agreement between U.S. and U.S.S.R. signed October 15 covers U.S.S.R. purchase of approximately $400 million of lend-lease supplies in procurement and inventory in the United States exclusive of military equipment. Terms are substantially the same as 3(c) proposal made U.S.S.R. last year, including provision that amortization payments will be in 22 annual installments beginning in 1954 and interest payments of 2⅜ percent on the unpaid balance will begin July 1, 1947. Copy of agreement being air mailed.

Byrnes