891.515/95: Telegram

The Minister in Iran (Dreyfus) to the Secretary of State

334. Department’s 141, March 23. Millspaugh now proposes to sell gold in small bars in open market for account of Iranian Government with contemplated initial operation of $500,000. He desires to have following information: (1) Will United States Government grant export license for shipment of gold to Iran; (2) can shipment by air be arranged without delay. American Army authorities here indicate they will recommend high air priority for these shipments; and (3) cost of freight, war risk insurance and any other expenses.

In lieu of shipment from United States would it not be possible to deliver to Iran Government gold which may now be en route to United States from Russia via Iran on Lend-Lease account in exchange for Iranian dollar holdings in United States.

Dreyfus