835.512 Insurance Tax/11
The Chargé in Argentina (White) to the Secretary of State
[Received August 21.]
Sir: Referring to the Department’s instructions in regard to the imposition by the Argentine Government of a tax on marine insurance written abroad, and to my despatch No. 2172 of July 28, I [Page 787]have the honor to report that the interview which I therein stated that I would probably seek with the Interim Minister of Finance. Dr. Iriondo, after considerable delays due to his numerous preoccupations with two Ministries in his charge, took place today. Dr. Iriondo was evidently not conversant with the subject, although I had submitted a brief memorandum on the subject to the Ministry of Foreign Affairs, which the latter stated it had duly forwarded to Finance. I accordingly outlined the difficulties which the proposed tax would raise and left him an eleven-page memorandum in Spanish on the subject, based on data submitted by local insurance representatives. An English translation of this memorandum is enclosed herewith.
I doubt whether Dr. Iriondo will have time to do much in the matter himself, and it may well be necessary to visit the next Minister of Finance who will presumably occupy himself solely with that Department. However, as stated in my despatch No. 2172 of July 28, as the object is indefinite postponement, a delay in making a reply should not prejudice the case. I may add that I left a copy of my memorandum for the Minister of Finance with the Minister for Foreign Affairs also.
The Dutch Legation is likewise making representations and I supplied some data to it. The British have, I believe, an ample documentation on the subject but seem reluctant to admit that they have any instructions from their Foreign Office to protest. It was insinuated to me that perhaps this matter is being discussed by the British in connection with the Roca Agreement.56
Other Legations have expressed an interest but I do not so far know of any action taken except by myself and the Dutch.