102.1/8028: Telegram

The Ambassador in Cuba ( Braden ) to the Secretary of State

190. To White, Treasury, from Bernstein. “Nearly completed going over changes in proposed Central Bank law with Cuban Treasury representatives. Experienced no great difficulty on important points except taxes and other provisions to hasten termination dollar deposits, dollar assets and dollar loans in which matters some flexibility will be introduced. Agreed that in any compromise on structure board of directors every effort will be made to retain control by Government. Satisfactory arrangement expected on Council and Bank inspection along lines Mission’s recommendations. Will complete Government discussion today. Government expects conferences with Senate Committee beginning tomorrow with us present as technicians. Southard leaving Friday. Bernstein leaving Sunday if possible but not later than Tuesday. Gardner99 remaining another week.”

  1. Walter Gardner of the Federal Reserve Bank had joined Southard and Bernstein in Cuba on March 27.