811.20 Defense (M)/681

The Secretary of State to the Bolivian Minister (Guachalla)

Sir: I have the honor to acknowledge the receipt of your note of November 4, 1940 expressing the satisfaction of your Government at [Page 548] the signature of the contract between the Metals Reserve Company and certain Bolivian interests for approximately 18,000 tons of fine tin yearly for a five-year period. I have noted that your Government is pleased fully to approve this agreement and to guarantee the performance of its terms on the part of the several signers.

I believe that the signature of this contract marks an important forward step in the development of sound economic relations between the United States and Bolivia. May I express my personal congratulations, as I know for how many years you have been working on this project, and ask that you convey an expression of appreciation to the producers who have signed the contract for the cordial and friendly spirit which they displayed during its negotiation. I believe that it will redound in benefits, not only to the United States but to Bolivia, and express the pleasure of this Government at its conclusion.

I have forwarded a copy of your note under acknowledgment to the Metals Reserve Company for its information.

Accept [etc.]

For the Secretary of State:
Sumner Welles