International records / Foreign Relations of the United States

11. Memorandum of Conversation

y and ask to be paid the next. In practice, in order to maintain the credibility of the A.I.D. investment guaranty program in the American investing community, it has been A.I.D.’s policy to pay off promptly, where fact of expropriation was clear; a Biafran case was cited in this regard. (2) General Outline of President Frei ’s Intentions Toward the Copper Companies Ambassador Korry outlined the nature of President Frei ’s proposed course of action as follows: At present copper prices, the Chilean Government hopes to obtain $40 million in CY–1969 from the American copper producing companies an…