For McFarlane from Dunk.

Please see telegram 964 [2] on Stage II of Lend Lease.

After separate discussions with Keynes and Ben Smith, my personal
point of view is that we should not act independently provided
that special considerations applicable to Australia after the end
of the European War and during continuance of the Pacific War are
covered. The United Kingdom delegation is thoroughly aware of our
particular problems and favourably disposed to them and I am sure
that they will do everything possible to present them on top line
committee level.

Keynes is interested in the trend of dollar credits accruing from
United States forces expenditure in Australia. I told [?him] that
on the present disposition of troops, we did not look to this to
give us any substantial amount of dollars in the future. Please
telegraph me latest estimates on these as soon as possible.