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United States Department of State / Foreign relations of the United States, 1947. Eastern Europe; The Soviet Union
(1947)

Czechoslovakia,   pp. 196-255 PDF (23.1 MB)


Page 196


CZECHOSLOVAKIA
INTEREST OF THE UNITED STATES IN THE MAINTENANCE OF DEMO-
CRATIC GOVERNMENT IN CZECHOSLOVAKIA; CONSIDERATION OF
THE POSSIBILITY OF UNITED STATES ECONOMIC ASSISTANCE TO
CZECHOSLOVAKIA AND EFFORTS TO RESOLVE PENDING ECONOMIC
AND COMMERCIAL QUESTIONS BETWEEN THE TWO GOVERNMENTS'
811.516 Export-Import Bank/2-2447
The Czechoslovak Ambassador (Slav 1k) to the Chaimrman of the
                 Export-Import Bank (Martin)
CONFIDENTIAL                    WASHINGTON, February 19, 1947.
1673/47
  DEAR MR. MARTIN: Referring to the agreement of July 3,1946 where-
by the Export-Import Bank of Washington, D. C. established a line
of credit in favor of the Prague Credit Bank of Czechoslovakia, I
would like to draw to your attention that by now the line of credit has
been practically consummated. Under these circumstances I take the
liberty to ask your advice as to whether it would be appropriate for
us to apply formally for the granting of a further line of credit for the
purchase of United States cotton on the lines of the previous agree-
ment. Referring to inquiries made informally by the Czechoslovak
representatives with the representatives of the Export-Import Bank,
I wish to stress the great interest on the part of the Czechoslovak tex-
tile industry in continuing the traditional use of United States cotton
which interest I feel assured coincides with the endeavors of the
American cotton producers to keep open the established channels of
trade dating back through many years of successful and mutually
satisfactory relations. If, in your opinion, the time is now opportune
we would appreciate it if an agreement could be negotiated for the
extension of such a credit to the amount of $20,000,000. The agreement
would again be signed by the Prague Credit Bank with the guarantee
of the Czechoslovak Government.
  Sincerely yours,                           DR. JURAJ SLAVIK
  I For previous documentation on these subjects, see Foreign Relations,
1946,
vol. vi, pp. 178 if.
      196


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