825.516/132: Telegram

The Acting Secretary of State to the Ambassador in Chile (Culbertson)

32. It is not clear from the text of decree given in your 70, June 9, 4 p.m., whether it affects only dollar deposits held in Chilean and foreign banks in Chile, or whether it affects as well deposits of American companies and American owned companies operating in Chile but held in banks in foreign countries. Please advise on this point. If latter interpretation is correct it would of course affect much greater sums held by American interests than that mentioned in your 73, June 10, 7 p.m.

Does the figure given in your 73 for the Dupont subsidiary cover only dollar deposits actually in Chile, or does it include capital assets held in the United States?