611.653/124: Telegram

The Ambassador in Italy (Phillips) to the Secretary of State

433. Department’s telegram No. 83, August 30, 7 p.m. Director General of Commerce in the Ministry of Trade and Foreign Exchange36 told the Commercial Attaché yesterday that the premium which the Italian Government has been paying on raw silk used in manufactured products is shortly to be discontinued and that premiums will be retained only on raw silk exported as such.

[Page 646]

Masi intimated that in view of this change our Government might wish to reconsider countervailing duties imposed on Italian silk products.

  1. M. Masi.