Conversation with WILLIAM MCC. MARTIN and OFFICE CONVERSATION, August 6, 1965

DISCUSSION OF BRITISH STERLING CRISIS, POSSIBLE DEVALUATION OF UK POUND; LBJ EXPRESSES CONCERN ABOUT SITUATION, EFFECT ON US DOLLAR; NEED FOR BRITISH TO TAKE MORE EFFECTIVE STEPS BEFORE US ATTEMPTS TO RESCUE THEM; MARTIN CRITICIZES STATE DEPT ROLE