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The Wilmington Morning Star
Wilmington, New Hanover County, North Carolina
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US and British occupation officials plan to meet American cotton exporters in Germany soon to discuss supplying 25,000 bales of US cotton monthly to German mills, potentially forming a $20M corporation to finance exports.
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British, United States Occupation Officials To Discuss Plan Soon
WASHINGTON. May 9 -
British and United States occupation authorities are expected to meet with American cotton exporters in Germany shortly to discuss the future supply of cotton for German mills.
The conversations, the site of which has not yet been decided, will be aimed at providing an estimated 25,000 bales of American cotton monthly for German mills.
John C. White, attorney for American cotton exporters, told a reporter that formation of a $20,000,000 semi-private corporation to finance the cotton exports to Germany is dependent on the results of the projected talks.
Cotton Supply corporation, tentatively named the American Cotton White said the organization can exporters will subscribe $1,000,000 to its capital and the Export - Import bank $19,000,000 added, if the bank approves plans.
Leave Shortly
leave for Germany within a few weeks and probably will hold discussions in Bremen.
War department, is expected to head the mission.
Koch. of the State department Also expected to go are He nry Clay ton exporters; O. Sydnor C liams and co., New Orleans Ben J. Williams, of Pope, Houston; F. Carl Pa: Anderson Clayton Cotton Dallas, Tex., cotton expert.
duled to remain in Bremen porters, and representatives resenting the American cotton the agriculture and commerce tank who have not yet be partments and export in lected.
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Foreign News Details
Primary Location
Germany
Event Date
May 9
Key Persons
Event Details
British and US occupation authorities to meet American cotton exporters in Germany to discuss supplying 25,000 bales of US cotton monthly to German mills. Formation of $20,000,000 semi-private corporation dependent on talks; exporters to subscribe $1,000,000, Export-Import Bank $19,000,000 if approved. Delegation to leave for Bremen within weeks, headed by War Department official, including State Department Koch and others.