I have now received your letter of to-day's date  in which you
set out your general understanding of the principles agreed upon
as a result of our several discussions on questions relating to
post-war international economic collaboration.
I agree that your summary fairly expresses the common point of
view of the two delegations and I will undertake to place your
note before the New Zealand Cabinet upon my return for their
consideration and approval. 
If these principles are accepted by the New Zealand Government it
is agreed that they will form the basis of the instructions which
both Governments will issue to their official representatives
attending the forthcoming Overseas talks in London on post-war
international economic collaboration.