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Treasury Department

282

Division of Monetary Research

Date April 17, 1942

O
To:

Miss Chauncey

From:

Mr. White

The Secretary would probably

like to glance at this before leaving
or take it with him to the country.

Treasury Department

283

Division of Monetary Research
Date

D

April 17, 1942

To:

Secretary Morgenthan

From:

Mr. White

Appended is the status of the
proposal for the Army and Navy to

take over British supply contracts.
After reading the memo you may

wish to call Mr. McCabe personally

to thank him for his efforts.

284

TREASURY DEPARTMENT
INTER OFFICE COMMUNICATION

As

DATE April 17, 1942
TO

FROM

The Secretary
Mr. White

I attach a letter from Mr. McCabe of the Lend-Lease

Administration and a memorandum to him from the War
Department.

1. The memorandum is the final result of numerous

and lengthy conferences between the Lend-Lease Adminis-

tration and the War Department on the question of takeouts on British supply contracts.
2. The final decision of the War Department is that
it is ready to provide the following sums:
$250,000,000
Air items up to
Ordnance items as required up to
Others as required up to

$200,000,000

20,000,000

3. However, the War Department will use its funds

for these purposes only if it is directed by the President

to do so. In that event, the War Department states that
it would then have to go before Congress to replace the
funds, and in justifying its request for additional funds
it would have to explain to Congress that it had used these
sums for the purchase of British contracts.
4. The next step is up to you -- to decide whether
you wish to recommend to the President that his directive
be given to the War Department.

OFFICE OF LEND-LEASE ADMINISTRATION
FIVE-FIFTEEN 22d STREET NW.
WASHINGTON, D.C.

April 16, 1942

MENORANDOM
Mr. Harry White,

To:

Assistant to the Secretary,

Treasury Department.
From:

Thomas B. McCabe,

Lond-Lease Administration.
Following my telephone conversation

with you this morning, I as attaching a copy of
the nemorandum which I have just received from

Mr. McCloy on the subject, "Taking out British
Contracts".

I will talk with you tomorrow after Y
conversation tonight with Patterson and McCley.

Thoma B.Lu:Ceh
Thomas B. McCabe,
A

Acting Administrator

Letter to MeCabe free

Bodley WW

COPY

WAR DEPARTMENT

OFFICE OF THE ASSISTANT SECRETARY

Washington,D.C.

/

April 14, 1942
MEMORANDUM FOR MR. McCABE:

SUBJECT: Taking out British Contracts.

After an investigation of the moneys available in
our existing or pending War Department appropriations (including
those for articles for export to other governments), I find

that there are as yet uncommitted funds which could be used to
buy out British contracts in the following approximate amounts:
Air items
up to $250,000,000
-

Ordnance items
Others

-

-

as required (up to $200,000,000)
as required (up to $20,000,000)

In every instance, however, these appropriations
were or are being obtained on the basis of estimates which we

submitted to Congress and which do not include the British
contracts. If these moneys are utilized for the purpose of
taking out the early British contracts, it will be necessary
for us to reapply to Congress immediately for the restoration

of these amounts for they will be needed for the programs we
already have under way for our own Army and for the foreign
governments whose interests are represented in the appropriations.

The particular items which are involved in the British
contracts that are the subject of discussion are in many cases

not items the War Department would desire to procure and, in any

event, it is certainly contemplated that the British will want
(and no doubt will eventually receive) the articles that are

covered by the contracts.

For this reason, as well as for the reason that the

appropriations based on estimates for our own armies are BO
largely committed, or at least earmarked, we can look, as a

practical matter, for money to take over British contracts, only
to the appropriations set up for articles for export. These
moneys areavailable in the quantities set forth above, but as

tained on testimony which not only did not disclose
gt be utilized for the purpose now contemplated but
the impression that they were to be used for
yet contracted for, we feel that if they are to be
this purpose the Chief Executive, acting either
through the Budget Director, should so direct the
Such direction is the more necessary because

in being urged primarily as a seans for improving

dollar exchange which is not normally a War Department
(Signed) John J. McCloy
John J. McCloy

Assistant Secretary of War

288
CABLE

From: Banco Central de la
Republica Argentina, Buenos Aires.
Date: April 17. 1942
Rec'd: April 18, 1942

FEDERAL RESERVE BANK OF NEW YORK
#81

In order to increase our gold reserves please buy for our account
gold bars for the equivalent of U.S. $5,000,000 keeping the gold bars
earmarked for our account. Cable execution.

BANCO CENTRAL DE LA REPUBLICA ARGENTINA.

Received by telephone from F.R.B. of N.Y. - April 20, 1942, 9:30 a.m.

lap

289

APR

Dear Summer:
I

refer further to your letter of April 7 re-

garding the treatment of Senor Jose Ramon Gutierrez,
former Minister of Foreign Affairs of Chile, at
Miami on February 10 and your suggestion that gen-

eral instructions be issued to customs officials
that they should be careful not to offend visitors

from the American republics who are able to produce
promptly substantial documents giving reasonable

indication of their reliability and prominence.

These matters were discussed some time ago by
the Commissioner of Customs and Mr. Woodward, of

your Department. It was explained to Mr. Woodward

at that time that the examination of the effects of
Senor Gutierres by customs officers was in the regular course of the administration by the Customs
Service of its functions under section 3(c) of the

Trading with the enemy Act under instructions which
had been cleared with representatives of your Department. Under those instructions no examination
is made of the effects of outbound persons entitled
to customs courtesies. Senor Gutierres, under longestablished customs practice, would be entitled to
customs courtesies only if he were designated to
the Treasury Department by your office as a distinguished foreign visitor. This was not done, and
the customs officers at Miami therefore acted only

in compliance with their instructions in carefully

examining the effects of Senor Gutierrez.
It was explained to Mr. Woodward by the Cosmissioner of Customs that the field officers of the
Customs Service are authorised to accept credentials

of certain diplomatic and other officers of foreign
governments as establishing their right to customs
courtesies, but that, in the opinion of the Commissioner, there is no way in which authority may

290
-2-

safely be delegated to customs officers at the sev-

eral ports of entry to fix the status of a traveler
as a distinguished foreign visitor without special

authorization from Washington based upon advice

from the Department of State. I am inclined to
agree with the Commissioner of Customs, but if your
Department is disposed to suggest any criteria
which you believe can be applied at the several
ports of entry with due regard to the responsibilities of the Customs Service under the Trading with
the enemy Act they will be given prompt and sympathetic consideration.
Sincerely yours,
as

The Honorable Summer Welles,

Under Secretary of State.

WRJ-esb 4-9/16-42
n.m.c C.

file

291

April 8, 1942.

Dear Summer:

I have received your letter of April 7,
with regard to the unpleasant experience of Sonor
Jose Ramon Gutierres, former Minister of Foreign

Affairs of Chile, upon his departure from Miami by
plane on February 10.

I an having an investigation made of this at
once and will let you hear from me again as soon as
practicable.
Sincerely yours,

The Honorable Summer Welles,

Under Secretary of State.
CC: Mr. W. R. Johnson

n.m.c.
Copie is Thompoon

H.Y.

By Messanger 11:05 Veach

1/11/47

DEPARTMENT OF STATE
WASHINGTON

April 7. 1942
Dear Henry:

A former Minister of Foreign Affairs of Chile, Beffor
Jose Ramón Gutierrez, was recently invited by our Govern-

ment to visit the United States in the belief that his
more intimate acquaintance with this country would be

of definite assistance in interpreting the peoples of
Chile and the United States to each other. Beffor Gutierrez
came to the United States and his visit seemed to have
been an unqualified success until, at the last moment before his departure from Miami by airplane, he was required
by a customs official to disembark from the plane and

submit to a detailed interrogation and examination. All
of his personal documents were held by this oustoms official.

I enclose a translation of a letter in which Senor Gutierrez
has described this incident.
While

The Honorable

Henry Morgenthau, Jr.,

Secretary of the Treasury.

-2-

While Seffor Gutierrez refers to his examination as
being made by agents of the Federal Bureau of Investigation,
the Department of Justice disclaims such examination which
was apparently conducted by customs inspectors under the

general enforcement provisions of regulations set up
under the Trading With the Enemy Act.

I would not bring this matter to your attention if
it were not that the officers of the Department of State
who have been endeavoring to persuade the custome authori-

ties to handle discreetly the cases of such prominent
visitors appear to have been unsuccessful in establishing
a basis of understanding which will give assurance that

efforts to develop useful international relations will not
be thus jeopardized.

You may wish to give consideration to the possibility

of issuing general instructions to customs officials that
they should be particularly careful not to offend visitors
from the American republics who are able to produce
promptly substantial documentation which would give a

reasonable indication of their reliability and prominence.
This Department will, of course, be glad to notify the
customs authorities, as in the past, of the dates of
arrival and departure of. prominent visitors, but in view
of

frequent inavailability of information concerning
travel plans, I believe that some such general
actions as those mentioned would be advisable.

Bin yours,

Kelly
Losure:

Translation of letter
from Senor Gutierrez.

TRANSLATION

February 10, 1942

friend Bonsal:

I regret very much that my first letter to you has
its object to make a protest, but I am obliged by
nts to act in this manner.
I simply want to report the facts to you.
When I appeared today at the airport at Miami to take
the Clipper which was to take me to Balboa, my passport
Chilean Diplomatic Passport No. 602, as ex-Minister of

foreign Relations) and my tickets were in regular form.
180 my baggage was examined and found "okay". A moment

ster I was ready to get on the plane, without other than
ordinary inconveniences.

Then an employee--who game with instructions from the

B.I. came up to me and told me to follow him.
Once with him he asked for all the papers I carried on

(family letters, private notes, bills, et cetera) and
litted me to a detailed investigation, the object of
ah I could not ascertain. He told me simply that he

received private instructions to proceed thus. At
same time he again made as detailed an examination of
Anggage as if I had hidden firearms or incendiary bombs
t.
Naturally

-2-

Naturally all the passengers present can verify the
dent.

After a half hour dedicated to By person and to ening a stupid questioning made by an official who was
morant of Spanish and who refused to accept all logical
planation--they took all my papers.
These papers were kept in Miami to be examined in greater
detail and perhaps by an expert.

It was useless to tell this individual that I came
to the United States by special invitation of the Government
of the United States; it was useless to remind him that
y passport proved my rank of ex-Minister of Foreign Relations;
it was useless to show him a letter signed by Mr. Nelson
Rockefeller which made evident my condition 8.8 a dignified

ruest. This individual appeared to have exact instructions in
the sense of bothering me and to turn a deaf ear to any
Logical suggestion.

I do not blame the Government of the United States

or this incident; but only as another example in favor
coordination of the different elements of Government
SA

ich constitute good public administration.
I ask you to intercede 80 that my papers may be Nrned to me as soon as possible.
Your friend,
Jose Ramón Gutierrez (Signed)
inslated
GMB:JLS

Treasury Department 297
Division of Monetary Research
Date

April 17, 1942

To:

Secretary Morgenthau

From:

Mr. White

In continuation of the work of
the Cuban Mission, it is deemed
necessary to send Mr. Spiegel to Cuba
to make a further study of problems
in connection with the proposed

agricultural bank. He will be

accompanied by Mr. Esgate, of the
Farm Credit Administration, who is
also a member of the Mission.

298

April 17, 1942

Mr. Harold R. Spiegel,
Division of Monstary Research,
Treasury Department.

Dear Mr. Spiegel:

You are hereby authorised and directed to proceed on or
about April 25, 1942, from Washington, D. C., to liavana, Cuba,
and to such other points in Cuba as may be necessary to the
fulfillment of your assignment, and return to Washington, D. C.,
on official business for the Treasury Department.

In view of the nature of this mission, you are authorised
to travel by airplane, and to use any available methods of

transportation as may be necessary.

You will be allowed transportation expenses and $6.00 per

diem in lieu of subsistence for travel within the continental
limits of the United States, and 07.00 per dien in lieu of subsistence for travel outside the continental limits of the United
States. You will also be entitled to reimbursement for loss
sustained from appreciation of foreign currencies in their
relation to the American dollar, as authorised by the Act
approved March 26, 1934, as amended.

All of the above expenses and allowances will be payable
from the Exchange Stabilisation Fund.
A copy of this travel authorisation should accompany
the voucher making claim for expenses incurred thereunder.
Very truly yours,
(Signed) H. Morgenthan JR.

Secretary of the Treasury.

n.m.c.
file to Thouphon
MH

Chaunoey
For

Miss

299
TREASURY DEPARTMENT

OFFICE OF THE SECRETARY

April 17. 1942
CONFIDENTIAL

Received this date from the Federal Reserve
Bank of New York, for the confidential
information of the Secretary of the Treasury.
compilation for the week ended April 8. 1942
showing dollar disbursements out of the British
Empire and French accounts at the Federal
Reserve Bank of New York, and the means

which these expenditures were financed.

lap-4/17/42

by

300
C

0

Y

FEDERAL RESERVE BANK
OF NEW YORK

April 16, 1942
CONFIDENTIAL

Dear Mr. Secretary:

Attention: Mr. H. D. White

I am enclosing our compilation for the week
ended April 8, 1942, showing dollar disbursements out

of the British Empire and French accounts at this bank
and the means by which these expenditures were financed.

Faithfully yours,
/s/ L. W. Knoke
L. W. Knoke,

Vice President.

The Honorable Henry Morgenthau, Jr.,

Secretary of the Treasury.
Washington, D. C.
Enclosure

Copy vw:4-17-42

Strictly

ANALYSIS OF BRITISH AND FRENCH ACCOUNTS

(In Millions of Dollars

DEBITS

BANK OF ENGLAND (BRITISH GOVERNMENT

Total ExpendiDebits tures(

PERIOD

BANK

Net Incr.
Sales of
(+) or
Securities Other
Decr (-)
Gold
(Official)(b) Credits() in Balance
Proceeds of

Total

Other

Debits

Credits

First year of war
War period through

December, 1940

Total
Debits

Gov't
Expendi-

Other

tures (d)

Debita Credits

FRANCE

CREDITS
Proceeds

Total

of Gold

Other

Sales

Credits

Net Iner
(-) or
Dear. (-)

in Balance

866.3(e)

416.6(e)

449.7

1,0953

900.2

195.1(e)

+229.0

10.8

878.3

421.4

456.9

1,098.4

900.2

198.2

+220.1

722.1

13.2

38.9

4.8

34.1

8.8

8.8

30.1

154.1
150.1

35.3

-

0.3

0.5

0.5

0.2

41.9

0.3
0.3

-

0.3

0.3

133.6

- 21.5

0.4

51.5

16.1
0.8

16.1

- 36.9

0.8

0.4

0.5

68.8

-33.0

0.2

1.0

56.2
171.4

-.30.0

1,793.2

605.6

1,187.6

1,828.2

1,356.1

52.0

420.1

35.0

2,792.3

1,425.6

1,356.7

2,793.1

2,109.5

108.0

575.6

2,203.0

1,792.2

410.8

2,189.

1,193.7

274.0

140.9

105.9

35.0

176.2

20.1

2.0

0.8

Second year of war

OF

DEBITS

CREDITS

Gov't

Confidment

Week Ended April B, 1942

-

1941

Oct. 30 - Dec. 3
Dec, 4- Dec. 31

109.0

77.3

31.7

150.9

156.1
88.4

111,6

44.5

134.6

69.6

18.8

51.5

-

1.0
-

-

-

C

-

0.3

-

-

-

+

Aug. 28 Oct. 1
Oct. 2 Oct. 29

-

- 15.7

0.4
0.4

- 0.4

0.4

+ 0,2

0.3

+0.3

1942

Mar. 18
25

Apr.
8

73.2

29.1

69.3

-

87.2

63.8

23.4

57.2

121.4

86.4

35.0

171.4

24.3

19.3

5.0

26.3

6.9

18.8

-

58.9

"

18.8
58.9

20.3

0.5

19.8

21.1

14.2

19.8

13.3

36.3

19.0

6.5
17.3(f)

Average Weekly Expenditures Since Outbreak of War
France (through June 19, 1940) 119.6 meetion

England (through June 19, 1940) 27.6 million

England (since June 19, 1940) 39.1 million

#For monthly breakdown see tabulations prior to April 23, 1941
**For monthly breakdown see tabulations prior to October 8, 1941.
(See attached sheet for other footnotes)

26.3

+.50.0

-

0.4

0.3
0.1

0.1

2.0
-2.3
+39.1
1=16.0

0.2

=

0.4

-

0.1

-

-

0.1

-

-

-

-

Transfers from British Purchasing Commission to
Bank of Canada for French Account
Week ended
April 8. 1942
162.7
Cumulation from July 6, 1940

-

0.4

-

Jan. 29 - Feb

Feb. 26 - Apr.

102.3

-

Jan. 1- Jan.28

-

+0.3

0.1

+.0.1

0.1

+ 0.1

0.1

0.1

-

0.1

-

million
million

(a) Includes payments for account of British Purchasing Commission, Britash Air Ministry, British Supply Board, Kinistry of
Supply Timber Control, and Ministry of Shipping.
Estimated figures based on transfers from the New York Agency of the Bank of Montreal, which apparently represent the

(b)

proceeds of official British sales of American securities, including those effected through direct negotiation. In addition
to the official selling, substantial liquidation of securities for private British account occurred, particularly during the
early months of the war, although the receipt of the proceeds at this Bank cannot be identified with any accuracy. According
to data supplied by the British Treasury and released by Secretary Liorgenthau, total official and private British liquidation
of our securities through December, 1940 amounted to $334 million.

(c) Includes about $85 million received during October, 1939 from the accounts of British authorized banks with Now York banks,
presunably reflecting the requisitioning of private dollar balances. Other large transfers from such accounts since October,
1939 apparently represent the acquisition of proceeds of exports from the sterling area and other currently accruing dollar
receipts.

(d) Includes payments for account of French Air Commission and French Purchasing Commission.

(e) Adjusted to eliminate the effect of $20 million paid out on June 26, 1940 and returned the following day.
Includes $10.4 million representing pertial payment to American film producers under the recent agreement covering the
remittance of blocked funds and current earnings from film rentals.
(g) Includes 210 million transferred from account of British authorized banks.

(f)

Transfers

Proceeds

to

of

New Your of war
(0/29/39-8/28/40)*
period through
1940

year of war
10/29/10-8/27/002

And - Oct.

1

Oct Dec.
Dear
37

A/C

16.6

323.0

477.2
460.4

16.6
-

-

23.1

37.4
52.8

0.1

1

-

46.5

25

18

9.5

11.9

-

-

Mar 18

2.2

-

Total
Debits

A/C

Credits

Sales

Credits

Decr. (-)

in Balanoe

32.4

31.2

3.9

36.1

* 4.9

306.4

38.7

+181.7

6.1

20.9

30.0

412.7

27.3

504.7

+230.2

57.9

14.5

62.4

+ 4.5

460.6

41.0

12.3

20.9

110.7

50.1

534.8

43.4

707.4

460.4
23.1

3.4

88.5

+ 1.6
29.1

72.2
10.7

16.7
0.5

55.5
10.2

81.2
2.8

62.9
2.1

+ 9.0

246.2

123.9

18.3

462.0
52.2

0.7

7.9

- 17.7
- 20.3

8.2

5.5

2.7

8.C

6.9

11.6

5.9
9.0

2.1

3.4

2.6

1.3

1.8

2.1

2.8

6.2

2.6

- 1.1

4.5

10.8

10.8

+6.3

5.3

3.1

1.6

1.6

-6.8

1.3

6.5

3.6

17.2

19.7
32.5
22.2

39.5

33.0

11.9
17.3

35.7

99.3

20.5

7.5

11.9

8.3

14.1

12.7
9.5

3.3
0.2
9.2

31.0

-

7.8

-

13.2

-

19.3

27.0
12.4

9.5

7.2

21.2

-

-

-

-

2.7

-

-

-

3.4

2.5

For month Breakdown see tabulations prior to April 23, 1941.
. For monthly breakdown see tabulations prior to October 8, 1941.

4.9

-

-

looking Average of Total Debits Since7.8OutbreakAction
of War

through April 1922

in Balance

Other

Gold

Credits

CHOCO

-

Other

Credits

Total

A/C

34.1
46.5

-

-

.

-

34.1

For French

For Own

() or

of
Other
Debite

A/O

52.2

47.2
39.5

Debits

Gold

Official
British

Sales

37.4

-

1942

JAN

Total

Proceeds

to

-

-

-

-25.5

6.0

.6.5

23.3

+ 1.6

10.3
3.9

4.5
8.4

71.1

52.8

7.8

4.2

-2.0

1.3

4.7
3.5

-3.6
-1.4

0.1
2.3

7.0

+2.3

0.3

T

-

Debits

PERIOD

Other

-

British

Net Incr.
(+) or
Decr. (-)

Confidentin

EUR

Transfers

Transfers from official
British A/C

-

official
Total

DEBIT

CREDITS

DEBITE

Strictly

Wook Ended 1942

CANADIAN AND AUSTRALIAN ACCOUNTS

1.3

-

-

-

3.6

+ 0.2

- 4.2

0.2
0.5

0.2
0.5

- 1.1

0.1
1.0

2.4

2.4

+.0.1

0.3

0.8

0.8

+0.5

1.3

+.0.4

304

BRITISH AIR COMMISSION
1785 MASSACHUSETTS AVENUE
WASHINGTON. D.C.
TELEPHONE HOBART 9000
PLEASE QUOTE
REFERENCE NO

With the compliments of British Air Commission
who enclose Statement No. 29 - Aircraft Despatched

- for week ended April 14, 1942.

The Honourable henry Morgenthau, Jr.
Secretary of the Treasury
Washington, D. C.

April 17, 1942.

305

SECRET

STATEMENT NO. 29
AIRCRAFT DESPATCHED FROM THE UNITED
STATES DURING WEEK ENDED APRIL 14.1942

DESTINATION

ASSEMBLY POINT

BY SEA

U.K.

U.K.

Fortress II

U.K.

Canada en route

7 Crane IA

Canada

Canada

U.K.

Canada en route

Australia

Sydney

33

Melbourne

12

U.K.

U.K.

Middle East

Port Sudan

India

Bombay

Australia

Melbourne
Auckland

obra

30

OLIDATED

a

ISS

yhawk

CHILD

FLIGHT DELIVI
FOR USE IN CA

BY AIR

25

2

5

5

6

9

IN MARTIN

timore

MAN

tlet II
KHEED

son IIIA

New Zealand
9A AC 151
tura

U.K.
U.K.
Canada

TH AMERICAN
BB

U.K.

7

16

5

10

20

U.K.

11

Canada en route

1

Canada

1

Canada en route

24
ARMAN
27

114
LS

ITISH AIR COMMISSION

April 16th, 1942.

39

30

306
NEW ZEALAND LEGATION

WASHINGTON, D. C.

April 17, 1942.

Mr. Henry Morgentheau, Jr.,
Secretary of the Treasury,
The Treasury,
WASHINGTON, D.C.

Dear Mr. Morgentheau,

Following our conversation on Tuesday last, I have
written to Milo Perkins as requested by you and a copy of

my letter is attached for your information.

If I can facilitate the availability of wool for
United States, I am always at your service.
I much appreciate your courtesy in sending the
Executive Order relative to the additional functions and
duties of the Board of Economic Warfare.
Yours sincerely,

Mash
Encl.

so

MW

2.

307
(COPY)

April 17, 1942.

Mr. Milo R. Perkins,
Executive Director,
Board of Economic Warfare,

Department of Agriculture,
WASHINGTON, D.C.

Dear Mr. Perkins,

On Tuesday last the Secretary of the Treasury, during
a conversation, mentioned the difficulties associated with the
obtaining of wool from New Zealand sources and in a telephone
message to you suggested that an approach should be made to the
Maritime Commission with a view to using special movement ships

for the transfer of wool from New Zealand to the United States.

I promised to supply you with the representations which
had been made to me. They are as follows:
On March 27th last Mr. Richard D. Chase, Manager Transportation Department of the Boston Wool Trade Association wrote

as follows:

"Members of the Boston Wool Trade Association who have
had occasion to buy wools in New Zealand are greatly exercised
over the fact that they cannot seem to get cargo space to
move the wools to this country.

It is our understanding that there have been 25,000
or more bales on hand ready to be shipped since the latter

part of last fall.

This wool is to be used in Government contracts, and

we will appreciate your letting us know the situation in
New Zealand, more particularly in reference to sailings,

and also whether you can bring your good service into use

in obtaining additional vessels, particularly from Wellington.

308

2.

Perhaps you will let us know what we may expect

in the way of assistance from your office."

Following the receipt of this letter supported by
personal representations by Mr. Irving Carney of the WilleyBiggin Wool Service Inc., I cabled the New Zealand Minister
of Marketing on April 1st last as follows:
Cable 109

"Irving Carney saw me today relative to following

circumstances. Bigelow Sanford Carpet Company of New York
have placed orders and had confirmed 3,000 bales of halfbred
wools for blanket manufacture. They are now asked to quote

for a portion of a United States order for ten million blankets

but cannot do so because of uncertainty with regard to wool

delivery. Can you help if so please advise me position at

once. Boston Wool Trade Association have also asked for

information particularly in reference to sailings and possibility
of obtaining additional vessels from Wellington. They understand
therehave been 25,000 or more bales on hand ready to be shipped

since latter part of last fall. Would appreciate any further

information you can give me."

He replied on April 4th in the following text:
"Cable 160 Your No. 109

Following from Minister of Marketing
We have been consistently urging on all interests
necessity provision for wool for North America and negotiations
at present proceeding with the British Ministry of Shipping and
American Maritime Commission regarding United States vessels

to replace MANZ ships. Will advise progress but in the meantime
suggest you press matter with the British Shipping Mission and

the American Maritime Commission, Washington."

If you will supply me with any information which you may

obtain relative to availability of ships for transport of wool, I

will be pleased to advise my Government.

309

3.

The general question of shipping is under continuous
discussion between the British Shipping Mission and the American
Maritime Commission, but I am supplying this information to assist

in overcoming the difficulty regarding wool shortage.

Yours sincerely,
(Signed W. Nash)

310

Department of State
Washington

In reply refer to
FF 195.2/3993

April 17, 1942

The Secretary of State presents his compliments to
the Honorable the Secretary of the Treasury and transmits paraphrased copies of telegram no. 1470, April 12,
11 a.m., from the American Legation at Bern, concerning
the schooner yacht Weather Bird and its alleged sale to
Mr. Gerard de Loriol of Geneva by Mr. Gerald Murphy, an
American citizen.

Reference is made to this Department's letter of
April 7. 1942.

Enclosure:

Paraphrase of telegram

no. 1470, April 12,
1942, from Bern.

eh:copy
4-17-42

311

C

0

P

Y

FROM:

TO :
DATED:

PARAPHRASE OF TELEGRAM RECEIVED

AMLEGATION, Bern.

Secretary of State, Washington.
April 12, 1942, 11 a.m.

NUMBER: 1470

Legation's telegram no. 1335, April 2, 1942.
Information was received on April 9 from the American

Consul at Geneva that de Loriol failed to keep an appointment made with the Consul for the purpose of presenting
documents and additional information which the Consul had

requested. The questionable nature of de Loriol's reputation tends to be confirmed by further investigations of
the American Consul.

On the evening of April 10 Mr. de Loriol called

voluntarily at the Legation on the pretext of offering to
the Legation full cooperation and all information.
Documents were presented by Mr. de Loriol which appear

to prove his purchase in May 1941 of the Weather Bird from
Gerald Murphy and that necessary steps were taken in
June 1941 to change the vessel's name to La Java and to

obtain Swiss registry. Cost of repairs have amounted so
far to 700,000 French francs according to him, whereas the
American Consul at Geneva had been told by Mr. de Loriol
that 350,000 French france had been expended for such

repairs. As to the repairs involved he presented unsatisfactory and evasive answers but offered to have shown to

312

-2-

the American Consul at Nice the receipts covering such

expenditures. The Legation's question regarding the
reasons for specifying a price estimated to be about

one-half of the actual price of the purchase he resented
but volunteered that this was done for the purpose of
protecting Murphy's interests through the concealed payment of 400,000 French francs in cash.

It was stated by de Loriol that Orloff had advised
him about eight days ago that the latter had learned from

the American Consul at Nice that the transfer of this
yacht to Swiss from American registry had just been approved by the American authorities and that there
should be filed with the Nice Consulate all the necessary
documents by which the formalities may be completed.

The Legation requests verification of the truth of the
statement by Mr. de Loriol. It is pointed out by the
Legation that evidence was presented proving that this
yacht had actually been sold to Mr. de Loriol in May 1941
by Murphy, whereas it was stated in the Department's

telegram no. 781, March 25, that application to sell the
Weather Bird to de Loriol had been filed with the Treasury
Department by Murphy.

On the basis of the information available thus far
the Legation is of the opinion that permission for the
transfer in this instance should be refused.
HARRISON

Copy 14-17-42

8788

PD

This telegram must be
paraphrased before be-

Ankara

ing communicated to

Dated April 17, 1942

anyone other than a
Governmental agency. (BR)

Rec'd 6:13 p.m.

Secretary of State,
Washington.

277, April 17, 5 p.m.
The press announces the arrival in Istanbul of a
delegation of seven, representing Hungarian commercial banks

and confidentially for the purpose of dealing with matters
arising out the Turkish-Hungarian commercial agreement.
STEINHARDT

LMS

eh:copy
4-22-42

313

314

April 17, 1942

Dear Summer:

I am sending you herewith a copy
of a very confidential memorandum given to
the Treasury, yesterday, by the Papal Delegate.

I will greatly appreciate your ad-

vice on how you think we should proceed in
this matter.
Yours sincerely,

Honorable Summer Welles,

Under Secretary of State.

MEMORANDUM
on the transfer of sums from United
States money into the money of European countries

At the very outset of the present war, the
Holy See transferred practically all its funds to the United
States of America, and changed its foreign assets into American

dollars. In this step it was motivated by implicit confidence
in the security of the American dollar, as well as by the clearsightedness and the spirit of cooperation of the Government
of the United States regarding the use of the said funds in
countries whose assets had been frozen, or in countries which
had been invaded by the enemy.

For its own internal use within Vatican City, and
for the salaries of its employees in Rome, outside Vatican City,
the Holy See has its own currency. This currency, however, is
ivalent in all respects to Italian money and, consequently,

res the lot of this latter. From this it follows that the
cial currency proper to Vatican City is, practically speaking,
the present time devoid of value on the international exchange.
asequently, for purposes of exchange with other nations Vatican

3 cannot really say that it has its own money. As a result, it

316
2.

at

fall back on the currency of neutral countries, and par-

feularly on the Swiss franc. >

Vatican City is completely surrounded by Italian
territory, and is at the present time separated from other continents because of the actual international situation. None the

less it finds itself obliged to use its own assets in every nation,
without regard to the role played by any nation in the war. These

assets must be used for the Holy See's aims of religion, charity,
and assistance to the needy, conformably to the Mission which the

Holy See has carried out for centuries, and which it feels itself
under special obligation to realize at the present time, according
as requests for spiritual and material aid become more pressing.
Consequently, the Holy See is confident that the
Government of the United States of America, recognizing the supranational aims of the Church and its system of worldwide organiza-

tion, which is completely foreign to the present conflict and alto-

gether impartial in its attitude, will allow it to carry on,
through the medium of the currency of European neutral nations,
those financial transactions which are necessary for the internal

needs of the Holy See and of the State of Vatican City, as also

for the realization of its mission of charity and assistance for
the poor, which is being carried out in every part of the world
by many organizations of a strictly religious character.

3.

These financial transactions for which the Holy See
ze uests the permission and the cooperation of the Government of
the United States of America, are not in any way intended to benefit
enemy nations. Even in case these nations should derive some slight
benefit from the aforesaid transactions, this advantage would be

of practically no account, in view of the limited sums in question.
On the other hand, the carrying on of good works and the internal
necessities of the Holy See are of supreme importance for the

regular functioning of the Church's organization and for the
alleviation of the countless ills and miseries which have been
occasioned by the war.

The sums in question are intended for payments exclu-

sively in countries whose assets have been frozen, or in territories
occupied by enemy nations. This designation, however, does not include Germany and Japan nor the territories occupied by this latter.

The following is an explanation of the purposes of
the payments which the Holy See is desirous of making in the said

ions and territories:
1) The maintenance of Representatives of the Holy See
(Apostolic Nunciatures and Delegations).

These payments have to do with the upkeep of the buildings

representatives of the Holy See, as well as the board, lodging,
salaries of their diplomatic and domestic personnel, with

4.

chancery and postal expenses etc. Offices of these representatives
of the Holy See are maintained in the following nations: Switzerland, France, Hungary, Roumania, Bulgaria, Slovakia, Portugal,
Spain and Italy.

2) Works of religion and of charity and works connected with the Missions and with assistance to
the needy.

In countries whose assets have been frozen, as also
in those now occupied by enemy nations, the Holy See must carry

on, particularly at the present time, its religious and charitable
works, with assistance and financial help afforded to bishops
and priests, to religious communities and to organizations intended to assist the needy. In addition the Holy See, and even the

Holy Father personally, is keenly interested in the work of
spiritual assistance and of some material help to the prisoners
of war, who are detained in concentration camps in Axis-dominated

countries, as well as to those other persons who have been interned in occupied nations.

It should be borne in mind that the clergy, religious
communities and the various Catholic institutions in those countries of Europe which have been occupied by the Axis, have been

deprived of all resources and of all means of subsistence. At the
same time the people of the territories in question are too poor

5.

or be able to make even the smallest contributions for the conation of these works. The needs of the above-mentioned persons and institutions have become more acute, while the people who

depend on them are at present in ever-increasing need of religious
assistance, which can be given to them only with extreme difficulty
and at the risk of great danger.
3) The State of Vatican City, and the Sacred
Congregations.

The State of Vatican City is under the exclusive

sovereignty of the Sovereign Pontiff, and, as such, is not part

of Italian territory. Outside Vatican City, there are, besides,
other localities over which the Holy See enjoys the privilege
of extraterritoriality, and which are, consequently, exempt from
the control, domination and police surveillance of the Italian
government. These localities comprise the offices of the Congregations of the Holy See, certain international institutes for
ecclesiastical studies, as also the headquarters of several reliious Orders, and the four major Basilicas of the City.
For the upkeep of the buildings of Vatican City

trictly so-called, and likewise for the buildings in extraerritorial localities, and for technical equipment and utilities
electricity, water, radio etc.), as well as for the providing of
ood supplies for all those persons who reside in territory subject

320
6.

the Holy See, the authorities of Vatican City must make their

own provisions. This follows from the fact that the Italian governnt assumes no responsibility whatsoever for these persons or
buildings, while the Holy See itself demands their exemption from

Italian control in order to protect the more jealously its own
independence and sovereignty. Naturally enough, at the present

time, the Holy See must provide for all its needs from European

countries, in view of the difficulties involved in importation from
America and even in transportation within Europe itself. The Italian government has consented to furnish the Holy See with a large

quantity of necessary supplies, but only on condition that the
Vatican pay for its purchases with money backed by the gold stan-

dard, that is, practically speaking, in Sriss francs. Faced with
the absolute necessity of providing for the livelihood of its own
sub jects, the Holy See was obliged to accept this condition. This
explains the necessity under which it is at the present time of
changing its own funds in the United States into other currencies,
particularly into the Swiss franc, to the amount of $476,000.00,

representing its needs for the current year of 1942. Part of this
um, however, is to be transferred to Portuguese money ($135,000.00)
nd part also into Spanish money ($55,000.00)
4) Pensions for the Swiss Guards.
The members of the Swiss Guard, which for centuries

as given its services to the Vatican, are entitled after a certain

7.

number of years of active service, to return to Switzerland,

here for the rest of their natural life they receive an annual
pension from the Holy See. These pensions, which must be paid in
Swiss money, amount annually to $50,000.00.

5) Expenses for postal, telegraphic, radio and
international money order services etc.
The State of Vatican City, conformably to various
international agreements, must in the course of this present year
pay in various parts of the world, the sum of about $50,000.00,
on the basis of similar payments made during the preceding year,
1941. These payments must be made on a gold basis, and that,

practically speaking, requires payment in Swiss francs.

6) Transactions involving protection of capital,
reinvestments, transfers of principal etc.
Through the medium of the "Pontifical Administration
for Religious Works", the Holy See has received in deposits from
dioeceses, religious institutions, organizations and communities,
various funds which it administers, according to the terms con-

tained in various contracts of different forms. For some of the
said funds the Holy See pays annual interest or the dividends

accruing from stocks; for others it pays out an annual sum to be

taken from the principal, or, within a certain time limit, reimburses the whole of the principal once deposited. In other cases,

8.

acting as guardian of sums left in trust, the Holy See is
responsible for protecting the investments entrusted to it,
by changing investments or by any other of the transactions which
may be suggested by the exigencies of wise and careful administration.
To meet these obligations, which the Holy See absolutely cannot
repudiate, it must have at its disposal in European currency (1.e.
in Stiss francs) funds in the amount of $300,000.00 for the duration of the present year.
The payments given on the accompanying prospectus

amount cumulatively, for the whole of the current year, 1942, to
$1,300,00.00. These payments have been calculated on the basis

of expenses incurred in 1941, according to principles of strict
economy and of absolute necessity:

5 FRANCE
3 POLAND

SLOVAKIA

1 SWITZERLAND

Works of charitable assistance,

2 DENMARK AND NORWAY

4 BELGIUM AND HOLLAND

6 HUNGARY, ROUMANIA, BULGARIA,

AND 7T8 TERRITORIES

Expenses for the Nunciature

Expenses for the Nunciature

Expenses for the Nunciature

7 JUGOSLAVIA, BOHEMIA, AND MORAVIA

Pensions for the Swiss Guards

Expenses for the Nunciatures

orders, telegraph, radio etc.
principal, reinvestments etc.

Religious and charitable works

Religious and charitable works

Food sunnliee for Vatigan City

International accounts for money

As above for Denmark and Norway

As above. for Denmark and Norway

Transcations involving protection of

religious works, and missionary work

11

II

H

II

Escudos

Swiss francs

Swiss francs

Religious and charitable works, as above French francs

50,000.00
25,000.00
40,000.00
40,000.00
30,000.00

198.888.88

40,000.00

40,000.00

30,000.00

30,000.00

40,000

300,000.00 $420,000.

25,000.
40,000.
60,000.
40,000.

70,000.

20,000.00

$50,000.00

10 ITALY

Vatican City

Vatican City

Food supplies

11 ESTONIA, LITHUANIA,

LETTONIA, FINLANDIA

9 SPAIN AND ITS COLONIES

Technical supplies for

Technical supplies for

Expenses of the Nunciature
Expenses of the Nunciature

Religious and cheritable works
Religious and charitable works

II

.
II

Escudos

Escudos

Pesetas

Swiss france
Swiss francs

TOTAL

30,000.00

10,000.00

10,000.00

$ 280,000.00

12,000.00

85,000.00
300,000.00
30,000.00
1,300,000.00 1,300,000.00

12,000.00

55,000.00

$ 6,000.00

TOTALS FOR EACH CURRENCY

To be transferred into Swiss france
To be transferred into Portuguese escudos
To be transferred into French francs

To be transferred into Spanish pesetas

$ $ 971,000.00

214,000.00
60,000.00
55,000.00

$ 1,300,000.00
TOTALS FOR INDIVIDUAL PAYMENTS

Maintenance of Apostolic Nunciatures

S 117,000.00

Religious and charitable works, with
missionary works

307,000.00

State of Vatican City and the Roman

476,000.00

Congregations

Pensions for the Swiss Guards

50,000.00

Outstanding accounts for international
money orders, telegraph, radio etc. 50,000.00

Transactions involving protection of
principal, reinvestments, transfers 300,000.00

of principal etc.

GRAND TOTAL $ 1,300,000.00

326

TREASURY DEPARTMENT
INTER-OFFICE COMMUNICATION

DATE April 17, 1942
TO

FROM

Secretary (orgenthau

CONFIDENTIAL

Mr. Dietrich

Registered sterling transactions of the reporting banks were as follows:
Sold to commercial concerns
Purchased from commercial concerns

£59,000

£ 6,000

Open market sterling held at 4.03-3/4, with no reported transactions.
The Venezuelan bolivar, which has been quoted at .2830 for more than a
week, advanced to .2850 today.

In New York, closing quotations for the foreign currencies listed below

were as follows:

Canadian dollar
Argentine peso (free)

12-13/16% discount

Uruguayan peso (free)

.2370
.0516
.5775
.2064
.5295

Cuban peso

3/16% premium

Brazilian milreis (free)

Colombian peso
Mexican peso

There were no gold transactions consummated by us today.
No new gold engagements were reported.

42.67

In London, spot and forward silver remained at 23-1/2d, equivalent to

The Treasury's purchase price for foreign silver was unchanged at 35$.
Handy and Harman's settlement price for foreign silver was also unchanged at

35-1/8

We made no purchases of silver today.

A

327

13
Copy No.
BRITISH MOST SECRET

(U.S. SECRET)

OPTEL No. 126

Information received up to 7 A.M., 17th April, 1942.
1. NAVAL

On 10th/11-52 convoy of 24 ships to North RUSSIA ran into ice and became scattered. 8 ships are now proceeding in company with their escorts and 15

have turned back, 1 is still unaccounted for.
2. MILITARY

BURMA. IRRAWADDY FRONT. 15th. Our forces maintained their positions

at TAUNGDWINGYI in order to protect the Chinese right flank and established themselves astride the YIN CHAUNG. The King's Own Yorkshire Light Infantry had been

fighting a delaying action for two days at MYINGUN. Situation obscure but counter
attack has been launched to help them.
SITTANG FRONT. The Chinese report severe fighting north of TWA,

KARENNI FRONT. Heavy casualties on both sides in fierce fighting north
of KEMAPYU. The Chinese wiped out a small enemy party which was astride the road
ten miles south of LOIKAW,
3. AIR OPERATIONS

WESTERN FRONT. 15th/16th. DORTMUND. About 118 tons of H.E. and in-

cendiaries were dropped. Apart from the glow of fires reflected through clouds
no results were reported. 22 R.C.A.F., 14 R.A.A.F. and 8 New Zealand aircraft

took part without casualties.
16th. 12 Bostons claimed direct hits on HAVRE power station and on
one of the dock gates. Fighter Command despatched 628 offensive sorties - the

largest number since the war began. Five of our aircraft are missing (2 pilots
rescued). Enemy casualties 5 destroyed, 3 probably, 3 damaged.
16th/17th. 67 aircraft were despatched - LORIENT 17, aerodromes 14,

leaflets Northern FRANCE 11, Sea-mining 21, two are missing. One enemy aircraft
was destroyed by fighters over a French aerodrome. About 24 enemy aircraft
dropped bombs over widely separated areas in the Southern counties,.
BURMA. 13th. Enemy aircraft caused extensive damage to the Bazaar
area at PYAWBWE 17 miles southeast of THAZI, MEIKTILA town and landing ground are

being attacked daily.

328

-4.

HOME SECURITY

15th/16th, 25 persons were killed at MIDDLESBROUGH,
5.

After a long period of inactivity Italian bombers have recently taken

part in offensive operations in the MEDITERRANEAN. On 31st March/1st April, four
operating from ITALY or SARDINIA bombed GIBRALTAR. Since the 1st others operating

from SICILY have joined in the MALTA attacks. On 6th/7th and 7th/8th, some
Italian bombers operating from RHODES attacked ALEXANDRIA. This renewal of

Italian long range-bomber activity is believed to be partly due to popular dissatisfaction in ITALY at the inactivity of their bomber force and partly to German
pressure to relieve the strain on their own bomber force during the present intensive attack upon MALTA.
6.

Arrangements are being made to evacuate Polish ex-prisoners of was from

RUSSIA to the MIDDLE EAST, where they will be equipped. The numbers involved

are uncertain but will be at least 35,000 and may be considerably more. They
will proceed from Russian TURKESTAN via KRASNOVODSK and PAHLEVI (ENZELI) to the

neighbourhood of GAZA. The first elements have already moved.

329
UNITED STATES GOVERNMENT

COORDINATOR OF INFORMATION
WASHINGTON, D.C.

NO

DEPARTMENT

April 17, 1942
The Honorable

The Secretary of the Treasury
Washington, D. C.

Dear Henry:

The attached is taken from the Weekly Empire

Guidance of the British Ministry of Information.
Sincerely,

Bull

William J. Donovan

330

There are still no signs of Axis troop concentration in
the Balkans. There are no signs in Libya that Rommel intends

to advance further. Apparently he is digging in. The Luftwaffe is compelled to divert a large proportion of its forces
from the Russian front to attack Malta which has been sub-

jected to many weeks of the heaviest air attack ever delivered

on an objective of comparable size. Stress the unity of the
Anglo-Russian front.

Far East. Stress Ceylon's present readiness to resist
and note that the threat of the American navy on rear com-

munications is the most effective check that could apply to
the Japanese advance.

France. Avoid until clearer speculation on strategic
possibilities and continue to refer to Petain more in sorrow
than in anger.

India. The Cripps mission was not in vain. The air
is clearer and there are brighter prospects for further
negotiations. Stress the fact that the Indians are determined
to resist the aggression of the Japanese.

331

TREASURY DEPARTMENT
INTER OFFICE COMMUNICATION

DATE April 17, 1942

Secretary Morgenthau
Mr. Kamarck

TO

FROM

Subject: Summary of Military Reports
Indian Ocean

On April 15, in the afternoon, a Japanese force
consisting of one battleship and one cruiser on a
weaterly course was sighted by aircraft one hundred
miles south of Ceylon.
(U.K. Operations Report, April 16, 1942)

Italy
Colonel Donovan's office reports that the British
Ministry of Economic Warfare estimates that Italian
war production has decreased 50 percent. The causes
of the decrease are (a) reduction of military expenditures by the government, (b) inefficient price and
wage controls, (c) the transportation of the most
efficient labor to Germany.
(C.O.I. Cable, April 14, 1942)
New German Fighter

It 18 estimated that the Germans have 90 - 120

Focke Wulf 190 fighters in the German Air Force firstline squadrons. These fighters are single-engined

with an estimated maximum speed of 380 miles per hour

at 20,000 feet, compared with 370 miles per hour of
the Messerschmidt 109 F. The FW 190 is armed with
four guns of unknown caliber as against two machine
guns and one cannon in the Me 109 F. All the units
known to be equipped with the F4 190's are in France
and the Low Countries, chiefly around Calais. In the
latter area, they amount to 75 percent of the German

single-engined fighter force.

(U.K. Operations Report, April 16, 1942)

332

-Laval

(Perhaps the best explanation of Germany's
insistence on putting Laval into the Vichy Government
is found in a report we received in March. At that
time, the British stated that France had stopped
sending supplies to Libya after February 19.)