The Secretary of State to the Ambassador in Bolivia (Flack)
434. Dept and RFC are replying to inquiries re tin negotiations (but not making official public statement) that agreement in principle reached few days ago between RFC and Bolivian producers covering deliveries tin concentrates through balance calendar year; and that Dept and RFC assume these arrangements will be carried into effect.
In your discretion you may give appropriate dissemination in Bolivia this statement.
Dept assumes that last week Bolivian negotiators here reported to their principals terms agreed upon. For your information but not for dissemination without previous authorization RFC they were: Base price 62.5-cents, smelter credits 1.5-cents, adjustment in deductions amounting approximately 0.5-cents and bonus averaging over a year 2-cents either in form of 1-cent for first six months and 3-cents last six months or 2-cents for entire twelve months period. Bonus payable on ascending scale based on 1944 production. Agreement retroactive to January 1, 1946. Adjustment in deductions applicable only last six months.