835.6363/452: Telegram

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

177. My 173, August 24, noon. Standard Oil Company today informs me that latest proposal of commission to the private companies [Page 193] provides for signing a temporary agreement discontinuing special rebates and discounts pending the signature of a marketing arrangement on September 20. All companies execpt Shell-Mex and Standard, I am informed, have signed this agreement, Standard insisting no time limit be set in order to permit Vice President Harden to come from London for discussion.

Standard understands that marketing arrangement, to constitute regulations under executive decree of July 20, will be drafted shortly by a committee including Standard Oil Company representative and will be along lines of proscriptive rules summarized in despatch 1297 of August 7.