PARAPHRASE OF TELEGRAM DATED OCTOBER 30 
                    TO MR. STALIN
 
      I have examined b record of the Moscow Conference
and the members of the mission have discussed the details 
with me. All of the milltary equipment and munitions 
items have been approved and I have ordered as far
as possible the delivery of raw materials be expedited. 
Deliveries have been directed to commence immediately 
and to be fulfllled in the largest possible amounts. 
In an effort to obviate any financial difficulties 
immediate arrangements are to be made so that supplies
up to one billlon dollars in value nay be effected under
the Lend-Lease Act. If approved by the Government of the 
U.S.S.R. I propose that the indebtedness thus incurred 
be subject to no interest and that the payments by the 
Government of the U.S.S.R. do not commence until five 
years after the war's concluslion and be completed over
a ten-year period thereafter.
 
      I hope that special efforts will be arranged by 
your Government to sell us the available raw materials 
and commoditlies which the United States may need urgently 
under the arrangement that the proeeeds thereof be 
credited to the Soviet Government's account.
 
     At this opportunity I want to tell you of the 
 
                                             appreciation