The Yugoslav Minister ( Fotitch ) to the Secretary of State

My Dear Mr. Secretary: You have been very kind to take interest in my negotiations with the Export-Import Bank in order to obtain commercial credits for purchases of cotton, and eventually trucks and automobiles, for Yugoslavia in this country.

I have seen the Director of the Bank, Mr. W. L. Pierson, today, who told me that the Board of Directors have not yet made any decision upon my request and he hopes it will be done by next week. For this reason I take the liberty to avail myself of your kindness and to ask you for your assistance in this matter. From a telegram I received from Belgrade today I think that my Government are waiting for this decision before taking any definite step on their armament program in this country.

Please believe me [etc.]

Constantin Fotitch