825.6374/1068: Telegram
The Chargé in Chile ( Norweb ) to the Secretary of State
[Received 3:35 p.m.]
2. My telegram No. 1, January 2, midnight. The special message transmits to Congress a bill—which during liquidation proceedings would give to the liquidating commission full powers to carry on the administrative, financial and industrial operations of the company and would prevent bankruptcy proceedings. The message however contains no indication of what is planned after liquidation. This omission, intentional or otherwise, gives foreign interests an opportunity to negotiate with the Government in an effort to share the course of any future legislation reorganizing the industry.
From a conversation I had at the British Embassy and from other sources, I have obtained the distinct impression that the British are now wondering whether it will be to their advantage to continue to maintain their solidarity with American interests. The Department may wish to confirm this with London.