840.51 Frozen Credits 35/293: Telegram

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

164. Although the Department fully appreciates the reasons for the recommendations in your telegram no. 222, January 26, 9 [8] p.m., it is not believed desirable to make any changes in the present Argentine policy pending further developments in Argentina.

[Page 242]

You may, however, inform the appropriate officials of the Argentine Government that you have been informed that reconsideration is being given to the status of the two banks. It is hoped that by this means you may be able to obtain your objective. The question will be taken up with Treasury within a few days if developments in Argentina continue to be favorable.

Hull