UA-R-GC-1914-01-01-1966-04-22_Page-010

I I I pounds from the Government if we could show that the University for its part was obtaining dollars from private sources. Mr. Barco said that the first and most immediate problem was of course to attempt to get AID to revise Its thinking more in line with our original request. He said that as an initial effort he. Dr. Bartlett and Mr. Thoron had called on Ambassador Battle in Cairo who without urging had noted the seriousness of the situation, had reiterated his full support for the University and the desirability of the largest possible AID support and volunteered to convey his views forthwith to Washington in the most positive terms. Here in the U.S. we would be shortly follow-ing up in the White House, at the Assistant Secretary level in the Department of State and at the highest possible level in AID with the hopes that this concerted effort could do something to produce an AID grant which would be larger than last year1s grant. In this connection Mr. Barco mentioned that the Deputy Assistant Secretary of State for Middle Eastern Affairs. Mr. Roger Davies had, in a conversation just prior to Mr. Barco1s departure for Cairo, sounded fairly encouraging about the possibility of progress on the thirty million dollar Egyptian Pound fund proposal and Indicated something might be expected before the end of the summer. Thus we should not preclude ()IA.~ from~ thinking the possibility of moving into a pound earning invest-ment such as a housing development on the land which might be returned to the University. On the dollar side, particularly in long run thinking. Mr. Barco said we could probably envisage an annual $200,000 shortage unless increased dollars were obtained. The outcome of the discussions in Cairo between the President, Mr. Thoron and himself had been that an urgent and immediate fund raising undertaking to make available $200,000 per year - 3