other hand it is not necessary that the two countries should have exactly the  
same responsibilities. In the long run there would no doubt be a final   
responsibility on both for some kind of world order, but this would be different  
              to an immediate responsibility.               
 
                                                            
 
 
11.  That some kind of world order is envisaged by the present Administration  
has long been made clear by the speeches of President Roosevelt and his  
subordinates. In particular he has himself stated the necessity of control of  
armaments. Britain has an equal interest in this subject. But to obtain such   
control some form of international machinery must be set up in which both the   
United States and Britain must take part. if such obligations are undertaken   
by both parties they must inevitably assume a responsibility towards world   
security as a whole. That limitation of armaments presupposes some guarantees  
  of security has been amply demonstrated in recent years.  
 
                                                            
 
 
12.  Such a system must also result in some form of consultation between  
the parties to it as to their foreign policy both political and economic. Such  
consultation need not necessarily be laid down in any formal instrument if   
mutual Understanding be arrived at. But it is essential that it be systematic,  
uous and above all frank and free from reservations on eithe
 
                                                            
 
 
13.  The question of security is the main question of interest to both   
Britain and the United States. But in neither country is political action   
easily obtained on grounds of interest alone. The policy can, however, also be  
stated in terms of moral values which would appeal to large masses of public  
                 opinion in both countries.                 
 
                                                            
 
 
14.  In the economic sphere the two countries have many interests in common  
but they are also rivals in trade and finance in some parts of the world.   
There is a tendency in both towards a planned economy which is in both resisted  
by strong conservative elements. Each has promised in its peace aims to seek  
for freer and uncontrolled trade between nations and each has condemned the  
Nazi system of bilateral barter. It is not probable therefore that any logical  
 be set up. It is more likely to be determined by immediate 
 
                                                            
 
 
15.  As regards the use of raw materials there is no need for much friction.  
It may well be that the United States will endcavour to secure some special  
advantages as regards British rubber and tin in return for the material lent  
and leased. At any rate some elements in the United States have advocated such  
           a plan. But as this will increase the