The Department of State to the Bolivian Legation


Referring to the Bolivian Minister’s inquiry as to the possibility of immediate purchases by the Metals Reserve Company of Bolivian tin concentrates, the matter has been discussed with the Federal Loan Administrator. He states that the Metals Reserve Company might be willing to consider immediate arrangements for purchasing part of the Bolivian ore production, dependent upon the nature of the grades available and the price terms at which these ores are offered. It is suggested therefore that if the Bolivian Government wishes this matter to be further considered, necessary detail as to the amounts available in different grades and the price at which they would be sold to the Metals Reserve Company be supplied.