The Acting Secretary of State to the Ambassador in France (Caffery)
1411. Blum and members his mission met with NAC group headed by Sec Vinson on afternoons of Mar 25 and 26. At first meeting Blum presented French economic needs and situation in broad outline and distributed documents setting forth for 1946–49 period French reconstruction and modernization program, import needs and prospective balances international payments. At conclusion second meeting, which was devoted to preliminary exploration these data, it was agreed that bilateral financial subcommittee should begin technical review of documents. Other committees are beginning discussions on (1) Lend-Lease Settlement and related matters (2) commercial policy and (3) double taxation. Copies documents under reference being forwarded to you by air pouch and you will be kept informed of all significant developments.