740.25112A/7–144: Telegram
The Secretary of State to the Ambassador in Chile ( Bowers )
769. You are requested to cable urgently your comments on the following questions with regard to proposed insurance control pool: (1) By whom will the policies be issued? Specifically, will the pool be an insuring entity in itself, thus placing the participants in the position of reinsurers, or will the policy be issued directly to a Proclaimed List national by a particular company? (2) Is the pool dependent upon Anglo-American participation? (3) Would we be able to exercise necessary control over operations of the pool if British and American companies did not participate?
Your 1044, June 16, made no reference to numbered paragraph 3 in Department’s 680, June 12. Your reply should contain your comment on this point.