561.311F1/199: Telegram

The Ambassador in Great Britain (Bingham) to the Secretary of State

256. Wallace from Murphy. Agreement27 completed noon today by all four exporters. United States figures unchanged. However agreement reached Argentina should accept same conditions as Australia, that is, export quota second year equivalent 15% reduction with obligation no accumulation stocks in lieu of direct undertaking 15% acreage cut. Canada considered this undertaking more effective than acreage cut. Agreement completed by initialing June 30 draft and supplement cabled August 26 slightly modified plus interpretative letters. Other delegations already departed, therefore no formal document being drafted. Russia refused accept maximum 37. Further negotiations meeting Advisory Committee September 18. [Murphy.]

Bingham
  1. League of Nations, Final Act of the Conference of Wheat Exporting and Importing Countries, Signed at London, August 25, 1933 (C.511.M.256.1933.II.B.).