811.20 Defense (M)/6075: Telegram

The Secretary of State to the Minister in Guatemala (Des Portes)

191. Your report 2734 of April 8. Contracts have now been executed with Brazil, Peru and Nicaragua and agreements in principle have been reached with Ecuador, Colombia, Costa Rica and certain other countries. Negotiations are proceeding in all other producing countries with Guatemala practically the only exception. It is feared here that if negotiations with Guatemala are postponed further less than maximum amount of rubber will be obtained this year. If the experiments referred to in your report are not yet completed, would it not be possible to execute an agreement at the price suggested with a provision that if the price so fixed should prove inequitable or fail to provide the producers with an appropriate profit, the price would be subject to revision by agreement between the parties.

Chargeable to Rubber Reserve Company.

Hull