DRAFT                            
 
      FROM THE SECRETARY OF STATE TO THE BRITISH AMBASSADOR 
 
                                                            
 
 
I have the honor to acknowledge the receipt of your note of 
      today's date concerning the principles and procedures applicable 
      to the provision of aid by the Government of the United Kingdom 
      to the armed forces of the United States, the terms of which 
                         are as follows:                    
 
                                                            
 
 
       (The British Ambassador's note is here quoted)       
 
                                                            
 
 
In reply I have the honor to inform you that the Government 
      of the United States agrees with your understanding as expressed 
      in that note and that, in accordance with the suggestion contained 
      therein, your note and this reply will be regarded as placing 
      on record the understanding between our two Governments in this 
                             matter.                        
 
                                                            
 
 
Accept, Excellency, the renewed assurances of my highest consideration.