File No. 835.6131/50
The Ambassador in Argentina ( Stimson) to the Secretary of State
[Received January 15, 1.26 a.m.]
My January 4, 6 p.m.1 The wheat convention was signed this morning at 11 o’clock by the Minister for Foreign Affairs and the French and British Ministers. The convention is as quoted in my telegram December 28, 5 p.m., with the following alterations and additions: The first paragraph of Article 4 now reads as follows:
The Argentine Government shall be permitted to draw on the Governments of France and Great Britain for direct operations of exchange up to the total of the sums of which they had disposed under the above credits when the rate of exchange in favor of the Argentine Government does not exceed 50 pennies upon England and 5 fr. 60 upon Paris.
There is added to Article 4 the following new clause: “The Argentine Government shall not utilize the credits in pounds sterling and francs opened in Paris and London to make direct or indirect remittances to the United States of America.” Article 6 as quoted in my December 28, 5 p.m., is totally omitted and Article 7 as [Page 400] quoted therein is now numbered Article 6. Article 7 in the convention as signed is an addition, and reads as follows: “When the legislative authorization aforementioned is obtained, the credits accorded in Buenos Aires by the Argentine Government can be immediately utilized by the Governments of France and Great Britain.” The signatures of the plenipotentiaries follow thereafter.
A copy of the agreement as signed has been sent me by the Minister for Foreign Affairs and in accordance with the Department’s instructions of January 3, 7 p.m., I have sent to him verbatim the note quoted in my January 2, 4 p.m.
It is expected that the convention will be laid before Congress immediately for its approval.1