FH This telegram must be London closely paraphrased be- for being communicated Dated April 3, 1941 to anyone. (D) Rec'd 8:50 p.m. Secretary of State, Washington. RUSH. 1309, April 3, 9 p.m. (SECTION THREE). Keynes who is associated with the Treasury made the point to me that he thought the the situation was clouded at the end of the last war because it appeared that England had used our credits for other than war materials purchased in America. For that reason he thought it would be much better all around if we should confine the Lease-Lend Bill rather generous in taking care of such materials so as to make it possible for Britain to meet other obligations on her own responsibility. There is another subject akin to this. It affects directly the use of British manpower and indirectly our own financial policy. I am told in spite of curtailment in British exports there are probably not far short of 1,000,000 persons engaged in the export trade and even a considerable number of these are still engaged in the engineering |