501.AB/11–1946: Telegram
Senator Austin to the Secretary of State
secret
u.s. urgent
u.s. urgent
New York, November
19, 1946—6 p.m.
[Received 6:03 p.m.]
[Received 6:03 p.m.]
825. For Clayton from Vandenberg. One of the very real problems of many nations in connection with annual assessments is their lack of foreign exchange when they must pay in dollars. It would make a great difference in the attitudes of many delegations if a way could be found to pay in local currencies. Would it be possible to work out anything of this nature in connection with the stabilization fund or otherwise?6 [Vandenberg.]
Austin
- The following was sent to Senator Vandenberg in telegram (Secdel) 1175, November 20, 4 p.m.: “For Vandenberg from Clayton. International Monetary Fund when in operation will undoubtedly be of great assistance to countries short of dollars but fund will not be in active operation until sometime next year. Meantime, many of such countries are being assisted generally through Export-Import Bank loans and will shortly derive assistance from loans by International Bank. Permanent assistance can only come from relaxation of trade barriers opening up markets for exports from countries short of dollars and other foreign exchange.” (740.00119 Council/11–2046) For reasons not readily apparent this telegram was sent to Senator Vandenberg as a member of the United States Delegation, Council of Foreign Ministers.↩