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Volume #15 - 526.

CHAPTER VII

INTERNATIONAL ECONOMIC RELATIONS

PART 4

EUROPEAN RECOVERY PROGRAM (MARSHALL PLAN) AND ECONOMIC CO-OPERATION ADMINISTRATION

526.

DEA1264(s)

Ambassador in United States
to Secretary of State for External Affairs

TELEGRAM WA-6

CONFIDENTIAL

Washington, January 3rd, 1949

The announcement by Canada of the renewal of withdrawals on the United Kingdom credit has now become, from the ECA point of view, a rather more urgent question. The hearings on the European Recovery Programme are scheduled to start on January 24th† before the Senate Foreign Relations Committee.

2. An immense amount of work remains to be done during the next three weeks; for example, Hall-Patch, Marjolin and others from the OEEC will be arriving in Washington on January 6th† to consult with ECA officials on the country programmes. ECA officials estimate that the material which will be presented to Congress will have to be in their hands and ready for final editing by the 17th†

3. The information given to Congress will have to include the actual as well as the estimated assistance being extended by the other Western Hemisphere countries. Although in the words of one ECA official the "source contributions have not yet been statistically coordinated", as far as Canada is concerned the $60 million dollars from Canada to the United Kingdom in 1949 has been regarded by the ECA as firm. If there is any prospect that the announcement on the credit will not be made by January 17th† it will be necessary to inform the ECA that the 60 million dollar figure is an estimate only and cannot be regarded as a commitment by Canada.

4. I should be glad to know the present position on the credit announcement.



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