,FOREIGN RELATIONS, 1949, VOLUME VI


,of such a plan which would require a "dollar equivalent of the drach-
mae deposited written down side by side with the drachmae figure"
-would tend to put the brakes on exchange ,speculation, encourage
drachmae deposits and reduce, to an extent, the demand for gold.
   On the afternoon of July 23, the Greek Government gave a luncheon
for forty persons in Secretary Snyder's honor. In addition to themem-
bers of the cabinet, the guests included prominent deputies, leading
directors of the Bank of Greece, the Chief of the Currency Control
Commission, the Director of the Greek Recovery Program, the Ameri-
can Ambassador, and the ranking officers of the Embassy staff. The
occasion was marked by a cordial and interesting toast from Prime
Minister Diomedes and by the Secretary's telling response.
   [Here follow portions of the texts of the toasts exchanged by Prime
Minister Diomedes and Secretary Snyder.]
  Secretary Snyder was received by the King at 5: 30 on the afternoon
of July 23, the King having returned from his vacation especially to
receive the Secretary.
  The Secretary left Athens at 7:"00 a. m. on Sunday, July 24. Minis-
ters Helmis, Ailianos, and Mavros 3saw him off on behalf of the Greek
Government at the Hellenikon airfield. Ambassador Grady accom-
panied Secretary Snyder and his party on their special plane to Wash-
ington, D.C., where he will testify before Congress on the Military
Assistance Program for Greece. Secretary Snyder and all of his asso-
ciates pronounced themselves well satisfied with their visit to Athens.
  -Respectfully yours,                           HAROLD B. M{INOR

  a Minister of Finance Dimitrios Helmis, Minister of Press and Infornmation
Michael Ailianos, and Minister of National Economy George Mavros.


                          Editorial Note

  On August 1, 1949, President Truman transmitted to Congress the
seventh quarterly report on United States military assistance to Greece
and Turkey. The report covered the period from      January 1 to
March 31, 1949. The report reviewed military assistance to Greece,
Greek Army, Naval, and Air Force Operations, the Greek guerrilla
situation as of March 31, the status of Greek military training, eco-
nomic assistance to Greece, and the organization of the American Mis-
sion for Aid to Greece. The report concluded that during the period
under review, the Greek Government, with United States military
assistance, had made solid progress in its efforts to restore internal
security in Greece. The most important accomplishment of the Greek
armed forces during the period was the virtual elimination of guerrilla
activity in the Peloponnesus. United States military aid valued at


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