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 SECRET British Embassy, Washington, D.C. August 27th, 1940 Dear Mr. President, Here is the Prime Minister's reply together with the drafts of the letters I am to write to Mr. Hull, approved by London. I think you will agree that they meet all essential points so far as our side of the transaction is concerned.

I should very much like to know whether you are satisfied before you leave Washington to-day. General Watson tells me you have got a terrible lot of engagements for the rest of the day so perhaps you could get him to give me your answer over the telephone.

Believe me, Dear Mr. President, Yours very sincerely,

The Honourable Franklin D. Roosevelt, President.

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