Noted presentations on the subject by the Chairman of the Special Committee on Shelter Programs, the Chairman, Council of Economic Advisers, and the Secretary of the Treasury, based on the reports transmitted by the reference memoranda of July 2 and August 14, 1957, respectively, prepared pursuant to NSC Action No. 1691-b-(1), -(3) and -(4). 4, U. 8. SECURITY EFFORT OVERSEAS, FY 1957 Mr. Cutler briefed the Council (copy of briefing note filed in the minutes of the meeting and also attached to this memorandum). During his briefing, members of the Council received certain extracts from NSC 5707/8 relating to the U. S. security effort overseas, and also a sheet containing explanatory notes and symbols relating to the tables which Mr. Cutler was to use in his presentation. (Copies of these extracts and explanatory notes and symbols are filed in the minutes of the meeting and also attached to this memorandun.) When Mr. Cutler had finished his presentation of the eight tables (copies of which are included in the minutes of the meeting and attached to this memorandum), he asked if there were any questions. The Secretary of Defense commented that he recognized, of course, the great difficulty of choosing a single effective title for so many different types of information as had been included on Mr. Cutler's charts. He nevertheless felt it difficult to justify the inclusion, under the title of "U. S. Defense Effort Overseas", of a column covering P. L. 480 loans. Mr. Cutler replied that it had been difficult for the Planning Board to decide what to include and what to exclude under the title "U. S. Defense Effort Overseas”. Perhaps it would have been better to put the P. L. 480 and the Ex-Im Bank loans on a separate chart. But in any event, they were so big and so important that the Planning Board felt that they should be included on the tables even though they were in a different category from the other data displayed on the tables. Secretary Dulles suggested that a more accurate title would be "U. S. Mutual Security Effort Overseas". Secretary McElroy said REPRODUCED AT THE DWIGHT D. BIS BNHOWER LIBRARY {ye this title would cover the point that he had raised. 4? cng: NCLB SS8 The President comented wryly that whatever the title, this still would not be any rose. It was subsequently agreed to change the title "U. S. Defense Effort Overseas" to "U. S. Security Effort Overseas". The National Security Council: Noted and discussed an oral presentation on the subject by the Special Assistant to the President for National -k- UNCLASSIFIED,