Document yrGXLKa7Yz6yEkk7BzN2w4YdE

1. I*. Hrtort rafarrad to to* prallninary dlacuaaiona w.th tha B.U.W. rapraaaotanvaa and axpltuiad the baa.a of to* l.o. daunda. batinataa of U.a. oonau.pt.on in 1M3 rapraaantad a aubatanti.il tncrataa on actual eonamptien to r.eaut contha. Thia uer>wi roa xrou the roquirw. onta too anorooualy oxpandad naval oonatruct.on program*. dca..uiwwi oi' Um ttwUatieal ptotura i&.aataa print facta that currant atook a plua 19415 production aaa ola^uata tu coat aat.wtad U.J.. and U.a. ruqnirwiuunta and iaava a autatanttal bilaJio-al.toh would to oitficianl to laava a Otoci to band xn toth o-xintriaa on lift tocactor, 19ti, aqul to twalva -ontha raqpirauanta altar taking an allowanca of 1C par cunt, for poaa.bla Turnar 4 Uawall'a 1943 prOi.Tt.ffla of anlaa to I.I.. and the cfpjra, bouwver, appaarad to to on tha naavy aida and rinpuirad wapiti.atkuu. U tha axplanotioioaora U.at tha Company aaa buildup up U.F.. atocka .j.it a p> at aar couttoantal da.ani, than, aacallant aa U.la ni^t to fiou tl> Co.'.tpany'a point of fiao and ulao in L.w nat.oi.al Intaraal. it oexild not ta daiai.-V: tha aar affort wara upar.llad. i. -r.ahr.lard axplalnad tl.at ttiara aaa no .juaat.or, of itockui,. up. U.l. toyara bad toan'advised to oontraet in 1943 on too baa.a of aatinutad ccrtaioption an 1943, l.a., thay aara adviaod to buy auffic.ant to aaoura U.al tha.r atocka at tha and of lv4J awra tna aana an at tha and of l/dT. Tha 1943 aalaa projrouua thwiwUro repra.a"* . r all act tha V.l. uaura aatmotaa of *.!..r conau.jtion in 1V43. To tha axtant that Un, aat.nata axe tadad tha .to .15. aat..ataa - tha j.oraaaaa aruaa irou ant.e.patad ^.d.t.onal da.ixnda lor tank eouptruction in iv41 and tha ra^itrutanta f-r U.a. oil.tary eat-pa. 3. iha Uo. ptoy'a aathataa wara aceoptad and U.h. r>{i.raii.ta aara ealculatal on tin toaia. Tha Co <pany'a .tpiro a.loa pr^ja i aau ala . aeaaptad. I r K .it IUHI W itt ID T" CL 0. D CO 4. The nmaad itjuraa lor I'.F.. and l.j. ^ni -j 1*4,; v>. proved* i -r twulva ...onU.i atoci on Hat Lacao^ar, l.i. , _i. acn country ftUr 4llc.i*ti., lc par cant. t.r u.iu.vi *.- J wj.ra ra<t*i t.ia iri aa folluaa - ava-lotla aupplito m 190 u.oluo./* at_*iaJ atvca at UM on lit January, 1*0, and U.ut tna J.v.a.ui. true. L.L. vc U*a approtad by L'**.-. d. (..at 4o2i>) it not ixpla.anial, ax* aJ ao ahuwn. Qrtdlm c.i.i. avao-latla lii 1943 22u8 ItaUfMfllJ U.K. Mo U.4. 1231 Uautrala Total 1477 UC*C* / v.iJ.A.l.; ltvlv . li.V.L.2. ) 47a b C & 5.o.j v.h.A.3.j ^4v.s9 u...l.:., iw`*7 le238 lL19b Spain &LU. o.Ai-'^r ;ca 3UC 47.LL7 U & 5.4 J V.i:.A.4. i lso;c H.'.L.iXX) 30o2 8733 b. A, at .ci bit 12,tV & Cn tha fcriwo*nb- baa.a, ava.luula rn h> a;, oat u. La aio^at*. w ^JtHaroort ro/einU to U.o ail'm^.'io . ut U.u L. . t| tui tut vui to taae all labia aurpluaaa. It vaa a.r** J t>-at a.rj Kai..*. Jt<>r tul.r, _ tne approval datoir.<Ji ul i-outrala l in<. iu4*nj b,i t tnr.a ui I....1.7 j-.r jj.i.f., !u.uld La a^uali; l.v.doo Lot..uu. V.i . an-1 u. I/*i<*riort ro:orri'J to tho l.o. roitict a*'* u> arcojt U.o wTaJea to *.t .rr. U.uy vara ur.accoil r >o. . r cf J a'j*. j'. li ul i< a, -j, . &.t jr;j:.'as aull.r.,, *J :': wr.dca t^ U.o 7* Tha C> j any vai a<Jai *nl ro!uaif.,, .u.j jl.r........ I oT; '.nl in ra^urJ to u.o C - * ur.1 Va..#.w . ada.. T * iu,i itr.m^ /4 fee t-: t gf fe