TREASURY DEPARTMENT
 
      INTER OFFICE COMMUNICATION
 
      April 2, 1941
 
      
 
 
To Secretary Morgenthau
 
      From Mr. Foley
 
      
 
 
Attached is a redraft of the over-all Agreement to cover defense 
      articles made available to the United Kingdom which incorporates 
      the suggestions made by the President at our meeting with him 
      and Harry Hopkins on March 14, 1941.
 
      At that time the President said he was in no hurry to sign the 
      Agreement and suggested, after the appropriation measure was 
      passed by Congress, that we take up the redraft, first, with 
      the State Department, second, with the Attorney General, and 
      third, with the Director of the Budget, and, subject to Harry 
      Hopkins' first clearing with Dean Acheson as to the attitude 
      of the State Department, begin discussions in a preliminary way 
      with the British.
 
      
 
 
I called Dean Acheson last Friday and told him that we were 
      ready to sit down with him and go over the redraft, but I haven't 
      heard anything from him although he promised to give me a call 
      not later than last Monday.
 
      
 
 
I suggest that you ascertain at the meeting this afternoon 
      whether or not Treasury or State is to take the Agreement up 
      with the British.
 
      
 
 
Attachment