810.5151 Williams Mission/68
The Chargé in Uruguay (Dominian) to the Secretary of State
[Received December 26.]
Sir: In its instruction No. 287 of October 5 the Department indicated that it would find it helpful if a study of the balance of payments between the United States and Uruguay could be prepared, and on page 3 of the Legation’s despatch No. 805 of October 23, 1934,22 I informed the Department that the Department’s suggestion would be complied with. I have the honor, in pursuance of the above, to enclose herewith a preliminary report22 prepared by Vice Consul Lippincott, who has been detailed to the Legation pending the arrival of Mr. Paul J. Gray, recently assigned as Third Secretary.
It may be noted from the report that the adverse balance of payments which characterizes Uruguay in its economic relations with the United States is gradually being reduced, as it has decreased from over $4,000,000 U. S. currency in 1933 to an estimated amount of a little over $1,000,000 U. S. currency for the year just about to end. Lack of precise information regarding the items which enter into the determination of the balance of payments prevents these figures from representing more than an approximation. As such, however, it is believed that they indicate, with fair accuracy, the present situation.
Respectfully yours,