WE CREATE GREAT INSTITUTIONS
|The large "profits" in francs from sale of food during the Armistice;|
|The profits in sterling from the sale of marooned food during the submarine war;|
|The profits in dollars from sale of food to the Germans from C.R.B. stocks at the time the blockade was relaxed;|
|Dollar and sterling balances in the hands of our charitable committees.|
The total of these funds available to Belgium would be the equivalent of more than $33,000,000 in dollars, sterling, and Belgian francs.
I went to Brussels in mid-August, 1919, to confer with our colleagues, Francqui and Van Brée, and Prime Minister Delacroix to settle disposal of these funds. I suggested that we assign these sums to the Belgian Government, which should apply them to charitable purposes through such agencies as they might select. The Prime Minister strenuously objected, arguing that his Cabinet was sufficiently