823.24/918: Telegram

The Ambassador in Peru (Norweb) to the Secretary of State

1189. Reference Embassy’s telegram No. 1178, September 1, 3 p.m. The Finance Minister74 agrees Alternative Plan III is the most rational way of beginning the movement to normal commercial conditions. He expressed the hope however that a practical method of control could be established to avoid a congestion of arrivals of the unallocated goods at some undetermined date and hour when ocean transportation suddenly becomes abundant, and cited the experience of 1919–20 when many importers encountered financial difficulties.

  1. Julio L. East.