710.Dev.Com./22
The Under Secretary of State (Welles) to the Secretary of Commerce (Hopkins)
My Dear Mr. Secretary: The Inter-American Financial and Economic Advisory Committee,2 which as you will recall is in permanent session in Washington, has adopted a resolution to create a special five-member commission to encourage the establishment and development of enterprises of mixed United States and local ownership and management to stimulate production in the other American republics of non-competitive goods suitable for sale in United States markets. Mr. Dudley P. K. Wood of your Department cooperated extensively with members of the Committee in drafting the resolution. In my opinion, the opportunity for practical accomplishment on the part of this commission is considerable.
As provided by the terms of the resolution, three of the members of the commission have been selected by the Inter-American Committee from a list of candidates proposed by the other American republics. They are:
- Mr. Renato Azevedo,
- Lloyd Brasileiro,
- 17 Battery Place,
- New York, New York.
- Mr. Carlos Campbell del Campo,
- Commercial Counselor of the Chilean Embassy,
- Washington, D. C.
- Mr. J. Rafael Oreamuno,
- Ex-Consul General of Costa Rica in New York;
- Ex-Envoy Extraordinary and Minister Plenipotentiary of Costa Rica,
- Washington, D. C.
The Government of the United States is obligated to designate the remaining two members, one from American governmental officials and the other from American business men who are particularly interested and experienced in inter-American trade and financial affairs.
After giving careful attention to the matter, the Department would like to submit to the President the names of Mr. Edward Noble, the Under Secretary of Commerce, as the official member, and of Mr. G. W. Magalhaes of the Westinghouse Electric Company as the nonofficial member. I should greatly appreciate an indication at your earliest convenience of whether you would approve these nominations.
Sincerely yours,