File No. No. 763.72112C26/14
The Peruvian Minister ( De Freyre) to the Secretary of State
[Received February 28.]
Sir: After the exchange of views effected between the Legation and the Department of State, with the purpose of reaching an agreement whereby the Casa Grande Sugar Plant, a firm incorporated at Bremen, Germany, and established in Peru, should be permitted to discount the drafts it receives in payment of sugar shipped to Chile, and thereby to continue its operations, I have been instructed to state, as I hereby have the honor to do, that my Government is disposed, with the consent of the Casa Grande Sugar Plant, to appoint an administrator with full powers to conduct the business of the Plant.
The control exerted by this administrator will include the authority to retain or dismiss the German employees at the Plant, according to the attitude they may assume with regard to American interests.
The administrator will also have full powers to sell the shares, which the firm should be willing to dispose of, and the proceeds of this sale will be deposited in the Peruvian Treasury until after the termination of the war.
The net earnings of the Plant will also be deposited in the same form and for the same period.
In consideration of these measures, which would seem fully to answer the requirements of the United States Government that no possible aid should be given her enemies, a license shall be issued by the competent authorities in the United States, whereby the Casa Grande Sugar Plant shall be permitted to discount the drafts it receives in payment of sugar shipped to Chile.
Accept [etc.]