Editorial Note
The second session of the Council of the North Atlantic Treaty Organization was held in Washington on November 18 under the chairmanship of Secretary of State Acheson. The Council approved a report of the Working Group which proposed the creation of a Defense Financial and Economic Committee and took note of a Defense Committee directive which established a Military Production and Supply Board. The purpose of the Defense Financial and Economic Committee, which was composed of a representative on the ministerial level from each signatory country and which was located in London, was to advise the Council and the Military Committee on all relevant economic and financial matters affecting the defense programs of member nations. The Military Production and Supply Board, composed of subministerial representatives from each signatory country, was formed to advise the Defense Committee in London concerning military production and procurement and their relationship to the defense efforts which were required for the defense of Western Europe. Both the report and the directive approved by the Council are printed in the Department of State Bulletin, November 28, 1949, pp. 819–821.