Show Informed On British Resources WASHINGTON Dec 6 AP Sir AP-Sir Sir Frederick Phillips undersecretary undersecretary undersecretary un un- of the British treasury said Friday after a conference conference conference con con- ference with Secretary that he was giving the United States a CIa balance sheet on the state of our resources and the cost of supplies in the United States The British representative conferred conferred con con- con I with the treasury department department department depart depart- I ment chief for more than an hour Sir Frederick said however that he talked only facts with Morgen Morgen- thau and we didn't discuss any questions of policy He indicated there were many questions yet to be discussed and that he was preparing several studies over the week end before returning to talk to on Monday Before entering the treasury Sir Frederick told newsmen who asked about loans that he was not up to that stage now He said afterward he had not been asked yet to talk tal with any administrative or legislative leaders leaders leaders lead lead- ers of the government besides the treasury Asked about suggestions that the British might sell some of their West Indian islands to the United States States' to get more cash for war purchases Sir Frederick said promptly outside my scope cope I deal only in financial matters The Phillips visit was the climax Friday of a controversy stirred up upa a few weeks ago upon the return to o the United States of Lord Lothian Lothian Lo- Lo thian hian British ambassador when Lothian said that Britain was nearing nearing near- near ing ng the end of its financial resources resources re- re sources for purchases in this country country coun- coun try ry and might soon need financial as well as material help Before the discussions at the treasury beg began n Senator Nye R. R N. N D D. announced that he he and a group of colleagues were ready to o battle to the bitter end against any attempt to extend financial aid to the British Nye told newsmen that this opposition opposition opposition op op- op- op position bloc would base its fight on the contention that loans to Britain mean mean actual entry into war var He predicted that a proposal proposal proposal pro pro- for loans would be accompanied accompanied accompanied by one for American naval convoy of British supplies |