Office of the Historian

868.00/12–647: Telegram

The Acting Secretary of State to the American Mission for Aid to Greece

secret
Washington, December 6, 1947—4 p. m.

Gama 582. For Griswold from McGhee. Re Amag 555.1 Request you await Clay’s return before formulation further recommendation for additional appropriated funds for Greece during fiscal 1948. Dept considers that no action can be taken at present but will at proper time seek further funds on your recommendation by means considered most feasible after discussions with Congressional leaders. Possible sources are ERP funds for Greece second quarter, Ex-Im Bank unfreezing of $11 million remaining under original credit and as last resort additional request under P.L. 75. Other sources new funds recommended Amag 555 not possible. $25 million additional OFLC credit and $10 million war assets credit have been requested and prospects appear favorable.2 Dept is considering favorably and will advise you shortly program of accelerated expenditures of your present funds to meet current urgent needs.

Lovett
  1. Dated December 2, p. 429.↩
  2. In telegram Gama 606, December 11, the Department informed AMAG that it had authorized the OFLC to negotiate a further $25,000,000 credit with the Greek Embassy (868.00/12–1147).↩