Memorandum of Telephone Conversation, by the Chief of the Division of the American Republics (Bonsal)

The Chilean Ambassador telephoned me yesterday afternoon to say that he had just had a telegram saying that the Senate Finance Committee had just approved certain clauses of the Government’s Finance Project which were even more favorable than those approved in the Deputies and which would give the Government full powers to implement the Rio and Washington Resolutions. Among other things, the President is to be granted the power to adopt all measures designed for continental security and specific reference is made to the agreements of the Rio meeting.

The Ambassador concluded that it is hoped that the bill will be approved by both houses of Congress prior to September 18, when Congress adjourns.

Philip W. Bonsal