No. 1462
Editorial Note

Telegram 386 from Jidda, March 10, reported on King Saud’s first major speech from the throne inaugurating the Council of Ministers in Riyadh on March 7. He announced, among other things, that the Ministry of Finance would become a ministry in the true meaning of the word. It would control expenditures within an authorized budget, parts of which would be submitted to the Council of Ministers. Telegram 395 from Jidda, March 17, reported that a Financial Committee of the Council had been established to make a preliminary study of various budgets. The King was reported to be actively participating in the Council proceedings. Documentation is in Department of State file 786A.00.