835.5151/768: Telegram

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

249. Referring to the Consul’s telegram of December 31, 2 a.m., he now informs me that he was informally advised last night by a member of the Argentine Inter-Ministerial Commission that the latter had just informed the Argentine Ambassador in Washington by telephone that the Argentine Government is prepared, immediately following the preliminary announcement of negotiations, to grant complete official exchange coverage for all United States merchandise with the understanding that the trade agreement to be concluded shall provide a reasonable prospect of the creation of a “satisfactory” amount of dollar exchange.

The Consul’s telegram above referred to should be read in the light of the present telegram, which he has seen.

Weddell