810.5151 Williams Mission/5: Telegram

The Acting Secretary of State to the Chargé in Uruguay (Dominian)

30. By arrangement with the Federal Reserve authorities, Mr. John H. Williams, economist of the Federal Reserve Bank of New York and an expert in international exchange, accompanied by Mr. Donald R. Heath of the Division of Latin American Affairs of this Department, sailed June 30 to visit Rio de Janeiro, Buenos Aires and Santiago to confer with the American missions and the governments in those countries regarding the exchange problem.12 They also are hopeful of visiting Montevideo with the same object and will do so if time permits. Their tentative plans call for their arrival at Rio de Janeiro on July 13 and at Buenos Aires on July 31. It is suggested you communicate with them regarding the possibility of their visiting Montevideo, and send them a report on the development of exchange control, including a careful analysis of the present exchange situation, and copies of current despatches.

Carr
  1. For the Department’s instructions to Mr. Williams, see vol. iv, p. 390.