He pointed out that those present were officials of two Governments Who were meeting to have   
a confidential, informal exploratory exchange of ideas regarding post-war economic problems; they   
would talk in their individual capacities as officials of departments and agencies of their   
respective Governments.
 
     
 
 
While the officials of neither Government could make even the most tentative committments,   
those discussions nevertheless should serve the very useful purpose of providing an exchangG of   
views between the officials of the two Governments with regard to the international economic   
problems that face the two Governments.
 
      
 
 
Mr. Taylor pointed out that the purpose of the discussions as set forth in the exchange of   
conmunications botween the two Governments was to obtain a broad agreement on an orderly agenda   
for the discussion of the economic policy objectives of Article VII of the Mutual Aid Agreement;   
such an agenda to constitute the basis for later discussions of a more definitive character. This   
should include more  than merely listing and discussing in general terms the broad fields in   
which the economic problems group themselves. It requires close examination of the problems   
themselves in each of the broad fields; a consideration of the tentative, suggestions for meeting   
those problems that may be under consideration by various officials of the two Governments; and   
a determination of the directions in which further parallel study in both countries is likely to   
be fruitful.
 
     
 
 
It may be possible to decide that certain concrete measures developed in the course of the   
discussions to have sufficient promise to warrant their further careful consideration by each   
Government with a view to the adoption of a position with regard to them at a later time.
 
     
 
 
These discussions, Mr. Taylor went on to say, should not bo confined to the problems of the   
more romote future. Within each of the fields under consideration it may well bc that there will   
be problems calling for agreed action  during and immediately following the war which may affect   
the attainment of ultimate objectives.