835.51B861/108: Telegram

The Ambassador in Argentina (Weddell) to the Secretary of State

182. Embassy’s 170, August 12, 5 p.m. Representative of Bemberg and Company, intermediaries for the Province of Buenos Aires in the debt settlement matter, advise by cables that the Minister of Finance of the Province has improved his offer to the American bondholders following Dye’s conversations with legal counsel of Province. Suggest that inquiry be made of Foreign Bondholders Protective Council whether negotiations are proceeding satisfactorily or whether further action by Embassy desired.