811.20 Defense (M) Chile/232: Telegram

The Secretary of State to the Ambassador in Chile (Bowers)

909. For Graham from Metals Reserve Company.

“Reference your 1273, August 10, 5 p.m. Agree to increase gold tolerances in copper concentrates to 60 grams and to freight and sacking concessions also to review Los Vilos as a port in 6 months if improvements have been made. Agree to 6% increase on copper concentrates. Also agree to increase of 12% on copper ores if absolutely necessary but as present price we are paying for copper ores is already higher than any we are paying elsewhere hope you can hold to 10% increase. You are authorized to close the matter on the above basis. Please send us confirmed copy of agreement covering above modifications of original Over-All Agreement.”

Hull