835.51B861/144: Telegram

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

251. Department’s 142, October 17, 1 p.m.

Total amount included in the 1936 budget for the Province of Buenos Aires for service dollar bonds is 10,283,000 paper pesos. Press reports that Provincial Congress approved budget October 10.
Whether the Province’s proposal is final and whether it is a reasonable one are both contingent in large measure upon crop results which cannot be known before close of December and upon future prices for agricultural products, the latter depending in part upon the European situation which cannot now be forecast. Province of Buenos Aires has suffered little from drought, consequently will benefit by high prices caused by drought conditions in other parts of the Republic.