811.20 Defense (Wool)/665a
The Secretary of State to the Uruguayan Ambassador ( Blanco )
Excellency: I have the honor to refer to the recent conversations held by the representatives of your Government and of the Government of the United States of America concerning the unsold portion of the Uruguayan wool clip of the 1941–1942 season and the Uruguayan wool clip of the 1942–1943 season. The Defense Supplies Corporation, an agency of this Government, has agreed to purchase Uruguayan wool of these two clips on the terms and conditions set forth in the attached memorandum of understanding3 reached as a result of the conversations referred to.
It is my hope that this agreement will aid in the stabilization of the economy of Uruguay and will decrease the dislocations to its economy caused by the war demand.
It has been agreed between the two Governments that they will from time to time consult with the joint objective of limiting exports of wool from Uruguay in such manner that Uruguayan wool required by the United States of America for the conduct of the War is made available for that purpose and in such manner that it does not become available, directly or indirectly, for purposes disadvantageous to the conduct of the War.
I believe that the agreement which has been reached between our Governments substantially furthers the effectiveness of the Resolutions adopted at the Third Meeting of Ministers of Foreign Affairs of the American Republics held at Rio de Janeiro4 and is a step forward in [Page 701] the development of mutually advantageous economic relations between our two countries.
Accept [etc.]
- Not printed; for conditions of agreement, see telegram No. 713, November 23, 10 p.m., to the Ambassador in Uruguay, p. 702.↩
- For correspondence pertaining to this Conference, see Vol. v, pp. 6 ff.↩