State, would represent Foreign policy; Col, Henry L. Stimson. Secretary of War and Col. Frank Knox, Secretary of Navy, would represent military and naval strategy and Mr. Hopkins eM represent. idealism ins well as having a of 's needs, Roosevelt and other Administration spokesman refused to disclose specific plans until the bill finally is enacted and signed. The new agency would be required to decide both what materials should be sent and on what terms.
One Administration source disclosed to the United Press that Britain may be asked to submit all her collateral in the Western Hemisphere, except real estate, as security against which the United States would send materials without regard to specific arrangements as to price value, which would be left to later negotiations.
The agency, it was believed, would provide a channel for U.S. Output to be distributed to the D.- mocracies in such amounts and directions as would best implement U.S. strategy and foreign policy—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.