868.51/12–1446: Telegram
The Acting Secretary of State to the Ambassador in Greece (MacVeagh)
1627. After full consideration urtel 1718, Dec 14, Dept regrets only immediate measures which might be taken by U.S. to alleviate critical [Page 286] exchange position consists possible release uncommitted balance of present Eximbank credit for free use, probably to cover portion outstanding confirmed letters of credit of Bank of Greece. Previous suggestion advances be made on future deliveries commodities and strategic materials impracticable for immediate financial aid.
American relief grant can be provided only pursuant new Congressional action. For your confidential info program under preparation in Dept contemplates such aid, but minimum 2 or 3 months required for Congressional consideration and appropriation this purpose.
Dept pleased at possibility that British Treasury will make 4 or 5 million pounds available. Urtel 1718 as well as this reply being repeated London80 with request that Emb discuss with British Govt to ascertain assistance which might be immediately forthcoming to alleviate situation.
- In telegram 8326, December 28, 1946, 11 a.m., not printed.↩