851.51/5–1546: Telegram
The Acting Secretary of State to the Ambassador in France (Caffery)
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2354. For Secretary from Clayton. Board of Directors of Exim-bank approved May 15 following resolution:
“Board approves in principle granting loan 650 million to Republic France on terms and conditions to be worked out with French on basis comparable other reconstruction loans. These negotiations will proceed immediately and final approval will be taken by Board when overall economic program with regard to France of which this is one part has been agreed to as a unit.”
Inform Caffery. [Clayton.]