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United States Department of State / Foreign relations of the United States diplomatic papers, 1937. The British Commonwealth, Europe, Near East and Africa

Germany,   pp. 319-405 PDF (32.6 MB)

Page 343

States. Only as the result of the World War and the conditions
existing during the post-War period were German imports forced
back, and it was only gradually that they again increased. Contrast-
ing the German-Brazilian exchange of goods during 1913, when they
amounted to approximately 447 Million Marks with that of 1936
amounting to approximately 265 Million Reichsmarks, it is readily
seen that there can be no mention of an inappropriate increase of
German foreign trade with Brazil.
  V. The German Government has noted with regret that German
economic activity in Latin-American countries is constantly subjected
to attacks and insinuations both in the American Press and by private
economic organizations which attacks have no foundation in fact.
The German Government believes to be in accord with the Govern-
ment of the United States that a just balance of the economic inter-
ests of Germany and the United States on the markets of third coun-
tries must be counted among those factors which can serve interna-
tional economic development and the establishment of universal peace,
and that this balance will be achieved if the economic competition of
the two peoples is guided by fairness and mutual respect.
  The Ambassador in Germany (Dodd) to the Secretary of State
No. 3777                               BmRAN, December 15, 1937.
                                         [Received December 23.]
  SmI: I have the honor to submit an account of the negotiations
which have been in progress during recent weeks between the German
subsidiaries of certain American oil companies and the competent Ger-
man officials relative to the extension of the system of special inland
accounts for cotton barter with the United States to include importa-
tion of American oil. Through various despatches from the Consu-
late in Bremen, the Consulate General in Berlin, and the Embassy, the
Department has been informed of this procedure as well as of the Ger-
man Government's position in refusing to apply it to imports of
commodities other than cotton on the ground that if such treatment
were permitted on a large scale it could not be sufficiently controlled
to eliminate the possible occurrence of practices which might violate-
the specifications laid down in the Treasury Department's ruling of
December 23, 1936. It was feared that in the event of such an occur-
rence the entire procedure for the importation of cotton might be
  It now appears, however, that as a result of the reasonably smooth
operation of the arrangement as applied to cotton, the German author,

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