550.S1 Economic Commission/25: Telegram
The Acting Secretary of State to the Chairman of the American Delegation (Hull)
114 Your 75, June 28, 7 p.m. and 90, July 2, 10 p.m. The President authorizes you to give general support in principle to the Cuban proposal.47 However, in view of the fact that our sugar tariff is a fixed one and not an ad valorem one, it would appear to be desirable that some safeguard clause providing for the case of extreme price fluctuations be proposed in view of prevailing currency uncertainties. Any agreement you tentatively accept must be subject to ratification either as a treaty or by Congressional action.
Dr. Coulter48 has stated that the Cuban proposal will not, in his opinion, conflict with general purposes underlying the sugar negotiations now going on here. He believes that a safeguard should be included to protect any agreements we might make with Cuba.