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  4. Document 871

660H.1115/32

The Assistant Secretary of State (Berle) to the President of the Export-Import Bank of Washington (Pierson)

Washington, November 27, 1939.

Dear Warren: In reply to your letter of November 20th29 regarding the request of the Minister of Yugoslavia for cotton credit, I have to say that the Department does not at the moment see any reason why such credit should be granted. Unless, therefore, the Export-Import Bank deems it desirable to make such a credit, for considerations of its own, there would not appear to be any reason for going forward at this time;30 and the Yugoslav Minister might be so advised.

Sincerely yours,

A. A. Berle, Jr.
  1. Not printed.↩
  2. No record of any further discussion of this proposed credit has been found in Department files.↩