860F.51/11–545: Telegram

The Ambassador in Czechoslovakia ( Steinhardt ) to the Secretary of State

529. The Deputy Chief of the Economic Section of the Ministry of Foreign Affairs has informed the Embassy in the strictest confidence that the Zecho authorities intend to avail themselves of not more than 20 million dollars of the proposed Export-Import Bank cotton credit as arrangements have been made with the Soviet Govt to procure the balance of their cotton requirements from the Soviet Union.