800.85/343b: Circular telegram
The Secretary of State to Diplomatic Missions in the American Republics
The Inter-American Financial and Economic Advisory Committee today issued the following press statement:
“The Inter-American Financial and Economic Advisory Committee today announced that in its plenary session of this afternoon, it had formally adopted and placed into effect, with the approval of the Governments of all of the American Republics, a plan for the effective use in the interests of inter-American commerce of the foreign flag merchant vessels lying inactive in the ports of the American continent. The text of the plan is as follows: (The plan is that contained in the Department’s circular telegram of June 24, 1941.)
“The Committee is continuing to study details incident to the actual placing of the vessels into service, and is especially considering proposals of the British Government for the implementation of Paragraph 5 of the plan.”