868.51/11–446: Telegram
The Acting Secretary of State to the Ambassador in Greece (MacVeagh)
1488. Reurtel 1501 and 1502, Nov 4.45 1. Dept exploring possibility extension US credit against subsequent delivery strategic materials, and commodities. Difficulties may be insurmountable and no optimistic [Page 266] report can be given at present. In view seriousness Greek foreign exchange position Dept endeavoring every way expedite departure Mission.
2. Reurtel 1529, Nov 6.46 As stated Deptel 1409, Oct 31, Mission will study extent foreign aid needed. Findings will have considerable bearing further US economic assistance. You therefore need not fear terms of reference will preclude idea of practical assistance.
3. Deptel 1414, Nov 2.46 National Advisory Council approved Nov 6 credit for purchase 109 vessels. Amount credit needed 45 million dollars rather than 57 million indicated Deptel.