Editorial Note
In despatch 490, September 13, the Embassy in Tehran notified the Department that copies of a “Report on Program for the Development of Iran”, prepared in July 1947 by the Morrison-Knudsen International Company, Inc., had recently been received by Abol Hassan Ebtehaj, Governor of the Bank Melli. The report recommended economic development projects to cost the equivalent of $500,000,000 in rials and foreign exchange over a seven-year period, if foreign loans were obtained. It also recommended a reduced program of about $250,000,000 if Iran should have to rely on its own resources. (891.64A/9–1347)
In telegram 1, January 2, to Tehran, the Department noted that the Iranian Embassy and the American company had signed an agreement on December 17, 1946, calling for a survey and report on the economic potential of Iran (891.64A/1–247).