825.5151/299: Telegram

The Ambassador in Chile (Philip) to the Secretary of State

14. The Department’s 35, of the 14th instant. I had a conference with the Minister of Finance today. He emphatically assured me that all exchange restrictions from importation of American automobiles and other products have been lifted, subject to the presentation of documents prior to the issuance of exchange authorization.

The information received up to date by the Embassy does not indicate that requests for exchange have been freely granted. However, I feel assured that the Minister’s intention is to put this change into immediate effect.

Señor Ross promised me that before he leaves Chile for Europe, probably on February 7th, he will cause to be liquidated American funds awaiting transfer.