The Chargé in Finland (Hulley) to the Secretary of State
[Received November 18—2:45 p.m.]
834. Visa issued Graesbeck today to leave tomorrow and sail from Goteborg November 22. I informed Paasikivi orally of Department’s 308, November 15.15 FonMin Enckell was present. Paasikivi expressed gratitude that Finland is not forgotten. He said it had come two-thirds or three-fourths of way through its troubles and needed help during last difficult phase which would be year 1947. He said as banker he knew that a firm needing 100 million credit was not put on sound basis if it received only 60 million. I emphasized that discussions might not result in credit. I understand Finnish Legation will conduct negotiations and may in course of them bring Graesbeck in as expert who has most up to date knowledge of Finnish economic conditions.
- In this telegram the Department stated that in view of decisions at the Conference of Foreign Ministers at New York (November 4 to December 11, 1946) regarding Finnish reparations, it was now prepared to consider credits to Finland, although these discussions might result in no credit (860d.51/11–1246). A Finnish delegation arrived in Washington and held meetings with officers of the Department on December 4 and 12 (memoranda not printed), with regard to Finland’s needs for credit in 1947 (860d.51/12–446, 12–1246).↩