103.9169 Lima: Telegram

The Secretary of State to the Ambassador in Peru (White)

517. From FEA,58 for Libbey.59 Detailed proposals regarding Peruvian Overall Agreement follow in few days by letter. However, general terms we propose are as follows:

1.
Extension without specific termination date but cancellable on three months’ notice.
2.
USCC60 entitled to change quantities to be purchased or prices to be paid for copper, lead and zinc on three months’ notice.
3.
Mercury, tungsten, molybdenum, antimony to be dropped from agreement.

We invite your comments following receipt of details in our letter. [FEA.]

Hull
  1. Foreign Economic Administration.
  2. Warren G. Libbey, Foreign Economic Administration representative in Lima.
  3. United States Commercial Company.