Memorandum from Secretary of State Dean Acheson to President Harry S. Truman, with Attachment

DEPARTMENT OF STATE WASHINGTON SECRET March 13, 1950 MEMORANDUM FOR THE PRESIDENT Subject: The Sale of Cotton to Yugoslavia at a Discount by the Commodity Credit Corporation With reference to the difficult problem of providing financial aid for Yugoslavia, which I discussed with you on February 2, I am hoping to enlist the cooperation of the Commodity Credit Corporation, along with that al- ready offered by the Export-Import Bank and the Economic Cooperation Administration. The cooperation sought would consist of the CCC selling Yugoslavia dur- ing 1950 some 17,000 tons of cotton of less desirable grades on the most favorable terms possible. This CO- operation is urgently needed in order to lessen as much as we can the extremely difficult problem the Export- Import Bank will have to face in the likely event that funds, in addition to the $20 million authorized last week, will be required later this year in order to maintain the Yugoslav economy on an even keel. There is attached a copy of my letter of this date to Secretary Brannan. HEAM Enclosure: DECLASSIFIED Copy of letter to E.O. 12065, Sec. 3-402 Secretary Brannan. State Dept. Guideline, June 12, 1979 By NLT-HC NARS, 10-1-4-2-2 SECRET