837.61351/4403
The American Ambassador in Cuba ( Braden ) to the Cuban Minister of State ( Santovenia )29
Excellency: I have the honor to refer to my Note No. 343 of April 3, 1943 relative to the possible accrual of a net profit to the Government of the United States of America as a result of the 1943 Sugar Purchase Contract. I also refer to Article Eighteen of the 1944 Cuban Sugar Crop Purchase and Sale Contract, the provisions of which apply to the determination of a net profit if any, resulting from the 1944 sugar crop purchase.
Taking into consideration the Article under reference, my Government reasserts its readiness to join in consultation with Your Excellency’s Government concerning the distribution, for the benefit of Cuba, of any eventual net profit that may be disclosed. My Government has not undertaken the 1944 sugar crop purchase contract for the purpose of making a net profit, nor does it propose that any of its agencies shall profit thereby. In determining whether a net profit has been realized, the loss, if any, incurred by Commodity Credit Corporation under the purchase agreement on 1943 Cuban sugar crop is to be taken into consideration among other items.
Please accept [etc.]
- Copy transmitted to the Department by the Ambassador in his despatch No. 5017, November 4; received November 9.↩