835.5151/435: Telegram

The Chargé in Argentina ( Cox ) to the Secretary of State

34. Embassy’s 33 April 26, 10 a.m. I received today through the Under Secretary of the Ministry for Foreign Affairs a lengthy memorandum8 from the Exchange Control Board of the Ministry of Finance replying to the points raised in your 34 April 16, 7 p.m.

The substance of this memorandum is as follows:

With regard to the question of discrimination, reference is made to the system of previous import permits and to the fact that the 20 percent surcharge does not alter this system but has been created to stabilize the exchange rate in the free market.
With regard to a possible reconsideration of the decree in question this decree has been issued in accordance with Article 16 of law 12,160. Number 3. With regard to a 60-day postponement of the decree’s enforcement, importer[s] have had ample notice of its coming into effect since law 12,160 was proposed January 17 and promulgated March 28.

Text of memorandum by air mail.

  1. Not printed.