890F.51/12–2845: Telegram

The Secretary of State to the Minister in Saudi Arabia ( Eddy )

2. Re your 443, December 28. Newly constituted Board of Directors of ExImbank, at first meeting on January 3, approved a $25,000,000 line of credit for Saudi Arabia in accordance with terms of draft agreement previously sent you by air pouch and summarized in Depts 368, December 20. Exact text of proposed agreement will be supplied soon with instructions concerning translations, signatures, et cetera.

Byrnes