Department of Foreign Affairs and Trade

Your telegram 383.
Will be glad to send appreciation requested as soon as one can
usefully be formulated. Frankly I think collapse of meeting on
Monday took every one somewhat by surprise and, so far as I can
discover, the United Kingdom Government has not yet considered the
next steps. I do not think that the Three Powers in any event are
anxious to rush a decision as that would give colour to Molotov's
charge that breakdown of C.F.M. was virtually pre-arranged. United
Kingdom - United States Agreement about bizonal financial
arrangements is, of course, culmination of talks over many months
in Germany, here, and in Washington, and is apparently not
connected with breakdown of C.F.M.
2. I will lose no opportunity of pressing point made in your last
sentence and hope by the end of the week to telegraph some
estimate of future trends.