811.24 Raw Materials/156a: Telegram

The Secretary of State to the Ambassador in the United Kingdom ( Kennedy )

400. Department would appreciate report on status discussions with the British Government regarding cotton–tin–rubber deal.

We had hoped the matter might be concluded in time to submit agreement and necessary legislation to this session of Congress. Present circumstances seem more propitious for concluding deal than future circumstances may be. Further delay would probably mean change in relative market situations of the commodities compelling modifications in the terms of the agreement.

Conclusion of this deal would I think have good general effect on American opinion in regard to various other matters likely to come before Congress in the near future.