I have examined the record of the Moscow
Conference and the members of the mission have discussed the details
with me. All of the military equipment and munitions items have been
approved and I have ordered that as far as possible the delivery of
raw materials be expedited. Deliveries have been directed to commence
immediately and to be fulfilled in the largest possible amounts. In
an effort to obviate any financial difficulties immediate arrangements
are to be made so that supplies up to one billion dollars in value may
be affected under the Lend-Lease Act. If approved by the Government
of the U.S.S.R. I propose that the indebtedness thus incurred be subject
to no interest and that the payments by the Government of the U.S.S.R.
do not commence until five years after the war's conclusion and be completed
over a ten-year period thereafter.
I hope that special efforts will be arranged by your
Government to sell us the available raw materials and commodities which
the United States may need urgently under the arrangement that the proceeds
thereof be credited to the Soviet Government's account.
At this opportunity I want to tell you of the appreciation
of the United States Government for the expeditious handling by you
and your associates of the Moscow supply conference, and to send you
assurances that we will carry out to the limit all the implications
thereof. I hope that you will communicate with me directly without hesitation
if you should so wish.