835.5151/303: Telegram
The Chargé in Argentina (Hinkle) to the Secretary of State
[Received 7:18 p.m.]
76. Your telegram No. 48, May 11, noon. No further details available until return of Minister of Finance about May 21st, see report 3 of Commercial Attaché air mail May 8th. No action by Government appears desirable now. If intimation or declaration made that no official exchange will be available to those who do not accept Government’s proposal then question of Government action would arise. Amount of American blocked funds affected would probably not exceed 35 million paper. Rates will depend on form of definite announcement by the Minister of Finance. No opposition of American or other Chambers of Commerce has been offered because no official decree has been issued and they await developments.