Pages 3-4 from FO 371 110691 - Atomic Energy

The document discusses proposals related to the International Atomic Energy Agency (IAEA) and the International Atomic Bank, based on President Eisenhower's speech. The objectives include establishing a central bank for uranium and fissile material for nuclear power stations, providing abundant electrical energy to power-starved regions, and promoting research on peaceful uses of fissile materials worldwide. The document estimates the potential contribution of existing uranium supplies to global power generation, and suggests the development of thermal reactor power stations as prototypes for large-scale replication. It also mentions the design and construction of advanced power reactors like fast breeders and thermal breeders. The document suggests the establishment of an International Laboratory for nuclear energy, collaborating with European industries, and incorporating existing national laboratories into the International Agency. The operation of the International Atomic Bank is considered feasible, with loaned uranium and fissile material being returned for plutonium recovery. The document highlights the need for physical security arrangements. The second stage of the program aims to double world power output through the construction of power stations, requiring significant capital investment. The provision of reactors for the production of radioactive isotopes is deemed unnecessary. The document is dated December 23, 1953, and is addressed to several individuals.