No. 396

852.10/4–2551: Telegram

The Secretary of State to the Embassy in Spain 1

top secret

741. Urtel 958 Apr 25.2 Carry-over to next fiscal year of funds for loans to Spain suggested and approved by Pres. Ltr and doc re this action has been air pouched to you. This info shld not be communicated in any form to Spans. After admin steps have been taken to carry out action approved by Pres, you will be instructed re informing Spans.

Action re removing limitation being taken and it is therefore unnecessary you communicate directly with Pres this subj.

Acheson
  1. Drafted by Dunham and cleared with Sauer of the Export-Import Bank, Corbett of the Office of Financial and Development Policy, and Tannenwald of the Office of the Special Assistant to the President, Averell Harriman.
  2. Ambassador Griffis had asked in this telegram if the $25 million loan limitation with respect to Spain was still in effect and added that it appeared that the Spanish Government knew nothing of this limitation. (852.10/4–2551)