The Minister in Latvia (Lane) to the Secretary of State
[Received October 6—3:25 p.m.]
86. Department’s 52, October 1, noon, received October 5th. President Ulmanis informed me on October 2nd that import restrictions will be gradually relaxed as a result of devaluation of lat. The President said that Latvian Minister in Washington now arranging purchase by Latvian Government of large number of passenger automobiles and trucks.
Statement by Minister of Finance published today indicates that rise of prices will be prevented by correcting of import tariffs, increase of import quotas and through price control. Despatch follows.