811.20 Defense (Wool)/669
The Uruguayan Ambassador (Blanco) to the Secretary of State
C. 59/942
Mr. Secretary of State: I have the honor to acknowledge receipt of Your Excellency’s note of today in which you refer to the conversations recently held between the representatives of the Government of the United States of America and my Government relative to the unsold part of the 1941–1942 crop of Uruguayan wool and of the 1942–1943 crop of Uruguayan wool.
At the same time Your Excellency informs me that an agency of your Government, the Defense Supplies Corporation, has agreed to buy Uruguayan wool of these two crops on the terms and conditions established in the annexed memorandum of the understanding reached as a result of the conversations mentioned.
Your Excellency indicates, further, that this agreement will contribute to the stabilization of the economy of Uruguay and will reduce the disturbances in its economy caused by the demands of the war.
Reference is also made in Your Excellency’s note to the agreement of both Governments with respect to consultations from time to time with the double purpose of limiting the wool exports of Uruguay in such manner that the Uruguayan wool required by the United States of America for conducting the war may be obtainable for this purpose and may not be obtainable, directly or indirectly, for purposes detrimental to the conduct of the war.
Taking note of these declarations, I have the pleasure to express that the Government of the Republic of Uruguay shares in the statements made and that it believes that the agreement which has been reached between our Governments substantially broadens the efficacy of the Resolutions adopted at the Third Meeting of Ministers of Foreign Relations of the American Republics, held at Rio de Janeiro, and that it is a forward step in the development of mutually advantageous economic relations between the United States of America and the Republic of Uruguay.
I remain [etc.]
- Translation supplied by the editors.↩