The Ambassador in Argentina (Weddell) to the Secretary of State
[Received April 27.]
Sir: I have the honor to enclose herewith the translation of a memorandum received today from the Minister of Finance, Dr. Ortiz, which he mentioned in my conversation with him on April 16 as in the process of being prepared for the Embassy (See Embassy’s despatch 1130 of April 17, 1936).
This memorandum outlines the current exchange control policy of the Argentine Government, particularly as regards the United States. It is, I think, the first clear official statement of its kind. The Department will note the statement that the general situation in Argentina does not make it possible for the exchange treatment applied to the United States to be exactly the same as that granted to the countries that have signed commercial agreements or treaties on any basis, but that it is the intention of the Argentine Government to endeavor by all [Page 202] means to make it possible for such a treaty to be concluded with the United States.
While later, on further study of this memorandum, I may have other comment to make, I shall appreciate any possible comment by the Department.