Your W.14.[2]

1. While I appreciate the arguments put forward by you as to the real significance of the respective roles of I.T.O. and the Fund, I still strongly believe that we should maintain our proposed amendment or one of equivalent effect. I am impressed by the political repercussions that could ensue here if the Geneva Text were maintained.

2. I suggest that you so inform the United States Delegation before bringing the matter out into discussion at the Conference, as they may prefer to suggest some mutually acceptable alternative before taking the drastic step of precipitating a breakdown of the whole of the negotiations.

3. Incidentally we have had no further advice of likely fate of our proposed amendments to Article 21(2)(b)[3] which is closely related to this matter. Would be glad of earliest possible advice of American reaction to our intention to stand fast.