Mre Je Ee Browning 2 Rector New York Ste November 8, 1939 Russell, Arms Ste Louis, Dear Mre Company, Mo. Russell: T have your letter of November Sth, inquiring as to the possible effect of an expiration of the Foreign Trade Agreement Act of Jue 12, 1934 on the foreign trade agreement with Belgium which was made pursuant to that Acte provides that The it foreign trade agreement with Belgium "x * * shall remain in force and effect until six months from the day on which either government shall give notice of its intention to terminate it." In certain contingencies, which appear to be remote and which provide for notice and consultation between the two Governments, the agreement also provides that it may be terminatedm thirty days written notices Therefore, though an expiration of the Foreign Trade Agreement Act would deprive the President of his authority to enter into new agreements, it would not affect the life of existing agreements, which would remain in force and effect until terminated as therein provided fore inguiry, I am, Trusting that this letter with kind regards, Sincerely JOHN Re answers yours, RAFTER your