Memorandum by the Chief of the Division of Latin American Affairs (Wilson)

Last night Dr. Espil, the Argentine Ambassador, told me that the group in New York which had negotiated the exchange agreement with the Bank of Brazil32 had communicated with him about the possibility of discussing an arrangement to liberate American frozen commercial credits in Argentina. Representatives of the group are coming down to talk with him the first of next week. Dr. Espil said that he had no instructions from his Government and intended only to listen.

Edwin C. Wilson