No. 417
Editorial Note
On June 30, former Ambassador Douglas transmitted to President Eisenhower an eight-page report on questions of trade and currency, particularly as they related to the sterling area, which he had been asked to prepare following the United States–United Kingdom talks in March 1953. The report reviewed the background to the March conversations, indicated the factors which affected the British economy and the problems facing the sterling area, and suggested various remedial actions with regard to trade, investment, convertibility, and price fluctuations which the United States might take to assist the British. The report was released to the public on August 24. A copy of the report, dated June 30, is in file 841.131/7–1053; for the text of the report, dated July 14, as released to the press on August 24, see Department of State Bulletin, August 31, 1953, pages 275–279. This text is the same in substance as that dated June 30.