811.20 (D) Regulations/3164: Telegram

The Ambassador in Colombia ( Braden ) to the Secretary of State


250. Chief of Office of Exchange Control has just informed Commercial Attaché as follows:

As Government did not have power to prohibit the exportation of platinum, two control regulations have been issued in line with the information given me by the Minister of Foreign Affairs and reported in my telegram 225. The first of these instructed all outlying control offices to refer applications for licenses to Bogotá; the second that platinum could only be shipped against an irrevocable financing credit opened in a New York Bank and stating both the name of the shipper and the consignee. …

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The Bank of the Republic is still awaiting a reply to the questions transmitted in my telegram 234.