Foreign Relations of the United States, 1950, The United Nations; The Western Hemisphere, Volume II

835.311/4–2450: Telegram

The Chargé in Argentina (Mallory) to the Secretary of State

restricted

Buenos Aires, April 24, 1950—4 p. m.

373. For Ambassador Griffis. American packers last night met Ares¹ who in principle accepted formula packer’s memo April 12² involving acceptance average industry loss as financial basis thus establishing in principle the costs profits livestock prices allowable in audit. Argentine officials desire approximation total funds involved before submitting formula for approval economic council. Packers have agreed submit statement and hopeful will result prompt fixation audit formula.³ Desired formula will permit determination packers position promptly before termination audit. Otherwise all quiet.

Mallory

1. Roberto A. Ares, Minister of Economy.
2. Not found in Department of State files.
3. In telegram 204, September 14, 1950, from Buenos Aires, Ambassador Griffis reported: “Good news, packers have today agreed with Argentine Government on satisfactory audit formula meeting all deficits from October, 1946 to August 31, 1950, plus profit of 5.75 percent of live price of export beef.” (835.062/9–1450)