International Monetary Fund and would discuss
with the Commission at that time the classiti-
gatiou of Uas controlled therroontuciear progvaist.
ce. Raw Materials
Mr. Faulkner commented briefly on developments in the Raw Materials program during July.
Mr. Libby commented on the possibilities of
encouraging uranium ore prospecting in California
and asked Mr, Faulkner to foliow up end encourage
any deveiopments in this crea,
In response to a question by Mr. Murray
concerniag the price of Portugese ore, Mr. Faulkner
indicated that it wes not the lowest price AEC pays
for ore since the indirect costs of the Portugese
ore are not shown in the report.
Mr, Faulkner reviewed modifications which
had been approved by the Commission at Meeting
1220 on August 1, 1956, to the Canadian uranium
purchase program. He said that he had now been
informed that although the modifications were
acceptable to Canada, the Canadians were now
concerned about the cancellation prevision which
had been included in them. Mr, Faulkner said
that additional recommendations on the Canadian
program would soon be submitted to the Commis sion,
Mr, Faulk-cr then reported on a draft
amendment to the selgian bilateral agz-eement
providing for the purchase of additional uranium
ore and said discussions would be held with the
Belgians concerning the price to be paid for this
ore,
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