635.4131/86: Telegram
The Chargé in Argentina (White) to the Secretary of State
Buenos
Aires, May 10, 1933—6
p.m.
[Received 6:44 p.m.]
[Received 6:44 p.m.]
40. Your 24, May 6 [5], 7 p.m. Before submitting telegraphic criticism of Department’s figures would like to collect estimates from further sources. Am forwarding figures so far available by air-mail pouch this week.
Consider it as most unlikely that provisions of article 2, clause 1, of Roca Agreement will meet British exchange requirements.
These, I hear, Argentine authorities propose to honor in the following order of precedence:
- 1st. Argentine Government sterling debts.
- 2nd. Merchandise payments.
- 3rd. Debenture interest.
- 4th. Private remittances.
- 5th. Dividends.
White