Memorandum by James F. O’Connor, Jr. of the Office of South American Affairs to the Deputy Director of That Office ( Bennett )
[ Washington ,] June 30, 1954.
- Assistance to Argentina.
We have assisted Argentina since the Milton Eisenhower trip in the following significant instances:
- Eximbank approval $2.52 million dollar loan guaranty to Baldwin-Lima-Hamilton Corporation in connection with sale of 50 locomotives to Argentina.1
- Treasury sale of Czech steel mill to Argentina.
- Eximbank approval in principle of $12.3 million dollar loan guaranty to the McKee Company for sale of a blast furnace to Argentina.2
- Making available, at Argentine request, 47 T–6D reconditioned training planes (Argentina eventually refused this offer, ostensibly for technical, but really for budgetary reasons.)
- Making available, at Argentine request, 318 Ford tank motors (at last word Argentina had not yet accepted this offer, and was likely to refuse again for budgetary reasons.)