825.5151/334: Telegram

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

60. Referring to previous correspondence respecting our exchange difficulties with Chile, I strongly advise that no further action be taken by the Department until after the completion and receipt of the study of the entire question now in preparation by the Commercial Attaché.

The shortage of dollar and pound exchange in this market is most acute and I think that no advantage would be derived from further official emphasis by us at this juncture.