867.51/10–1745
The Secretary of State to the Turkish Ambassador (Baydur)
The Secretary of State presents his compliments to His Excellency the Ambassador of Turkey, and has the honor to acknowledge the receipt of his note of the second of October, wherein His Excellency reviews the plans of the Turkish Government to undertake a farreaching plan of industrialization of Turkey, and states that the Turkish Government desires to secure in the United States a credit of five hundred million dollars at a suggested interest rate of two and three-eighths percent.
The Secretary of State notes with interest the plans of the Turkish Government to promote the economic development of the country [Page 1311] and has already arranged for discussion of this request for a credit with the appropriate officials of the United States Government.