611.3531/586: Telegram
The Ambassador in Argentina (Weddell) to the Secretary of State
[Received 4:43 p.m.]
6. From Ravndal. “Have just been informed unofficially and in the strictest of confidence by Louro6 that President-elect Ortiz and [Page 275] Minister of Finance Acevedo have accepted the proposal with regard to elimination of discrimination against the United States in exchange matters prepared by Louro with the assistance of Prebisch.7 Ortiz is now consulting Carcano8 with respect to agricultural concessions to be arranged probably by trade agreement negotiations and Carcano is being assisted in this matter by Louro. It is expected by the Argentine Inter-Ministerial Committee that the exchange proposal will very shortly be made to the Department and that the Department will make the preliminary announcement within a few days. Irigoyen expects to leave for Washington Saturday and Louro within 10 or 15 days.
It is understood that the exchange proposal accepted by Ortiz is along the lines discussed in my strictly confidential report entitled ‘Bilateralism in Argentina’s Exchange Proposals’, sent air mail January 25.9 [Ravndal.]”