811.20 Defense(M)Peru/108a

The Secretary of State to the Peruvian Minister of Finance and Commerce (Dasso)

Excellency: I acknowledge the receipt of your note of April 23, 1942 outlining a program for the development of the production of rubber in Peru as a project for economic cooperation between the United States and Peru in furtherance of Resolution II of the Third Meeting of the Ministers of Foreign Affairs of the American Republics at Rio de Janeiro.

I am pleased to inform you that the appropriate agencies of the Government of the United States have considered this proposal and are prepared to undertake this development in accordance with the specific proposals with respect thereto mentioned in your note.

I believe that this program will be a substantial step forward in developing mutually advantageous economic relations between our two countries as contemplated by the Resolution adopted at the conference at Rio de Janeiro.

Accept [etc.]

Cordell Hull