800.51W89 Latvia/100: Telegram
The Chargé in Latvia (Cole) to the Secretary of State
[Received 12:15 p.m.]
66. Legation’s despatch No. 671, August 26.12 Minister for Foreign Affairs today formally notified Legation that Latvian Government desires to take advantage of provision in article 2 of 1925 debt agreement13 and postpone payment due on December 15, 1932, for 2 years. In view of the unfavorable economic situation, hope is expressed that postponement of interest payment will also be agreed to. Consul General Lule has been instructed to communicate with appropriate officials in Washington.[Page 783]
If postponement of both principal and interest is agreed to I suggest that Legation be authorized to inform Minister for Foreign Affairs that in view of such concession Legation expects future requests to transfer foreign exchange to the United States to be much more liberally treated than in the past.