833.51/595: Telegram
The Chargé in Uruguay ( Dominian ) to the Secretary of State
[Received July 13—2 p.m.]
48. Referring to Department’s telegram No. 31, and Legation’s 47, July 12, 6 p.m., Minister of Foreign Affairs informed me this morning [Page 652] that Uruguay was suggesting giving Great Britain 90 percent of sterling exchange and retaining the balance of 10 percent for use in allocation of exchange to countries other than Great Britain. Discussions at present were based, he said, on the amount of these respective percentages and while British had been unyielding at first, he thought he detected signs of possible willingness on their part to accept 90 percent sterling exchange. He expressed hope that an arrangement on the above mentioned division of percentages would be made finally with Great Britain but cautiously added that Uruguay could not prevail against Great Britain’s economic strength.