- 2 -
 
 
Mennet accompanied Daladier to England for his
 
conferences with Chamberlain last week, and has spent
 
the days since talking with all the Cabinet Ministers
 
in England. He is confident that the British will
 
accept the organization as outlined by him in this
 
letter. I thought you would be interested in having
 
it in advance.
 
         So far as the organization in the United States is
 
concerned, the present plan is to set up a joint Franco-
 
British purchasing agency, and not make purchases through
 
Morgan and Company or through any other bank or agent.
 
     I have had a large enough finger in all this
 
business to be able to steer it, in case you have any
 
definite ideas as to what you want or do not want. Just
 
let me know.
 
     The second and third documents have to do with
 
airplane orders in the United States. They were handed
 
to me tonight by Guy La Chambre.
 
     The airplane situation is approximately the fol-
 
lowing: The French produced in the month of September
 
1939, 319 war planes, The British produced approximately
 
450 war planes. In addition, both the French and British