The reorganization plan will meet both of those needs by placing responsibility and authority for the administration of the activities of the Federal Home Loan Bank Board in the Chairman of the Board.

Mr. President, we're proud to have you here.

It is therefore a particular source of pleasure to me, Mr. President, to inform you that we recognize in your life and in your efforts and in your commitments, a strong passion for freedom for your own people and for people everywhere.

They found that they had a common approach to the problems of the free world.

It is therefore a particular source of satisfaction to welcome you to the United States, which also many years ago passed through a similar experience.

Their discussion covered the major problems, both economic and political, and revealed once again the close agreement of the two governments in pursuing their common purposes.

Our friendship with Great Britain goes back to our earliest beginnings.

The situation in regard to Germany was reviewed and there was full agreement on the necessity of maintaining the rights and obligations of the allied governments in Berlin.

I want to express how important I believe your responsibility is here in this great country.

Particular attention was also given to the nuclear tests conference and to the question of disarmament.

Occasion was given to review the need for economic collaboration and expansion in the general interest of developed and underdeveloped countries alike.