860P.00/303: Telegram
The Minister in Latvia (Wiley) to the Secretary of State
Riga, July 23,
1940—10 a.m.
[Received July 23—7:28 a.m.]
[Received July 23—7:28 a.m.]
217. Saeima yesterday nationalized banks, transportation, large industrial and commercial enterprises and limited private utilization of land to maximum of 30 hectares. No compulsory collectivization. The lat remains as currency. It was said that if changed in the future the full equivalent would be paid.
Wiley