853.51/259: Telegram

The Secretary of State to the Minister in Portugal ( Dearing )

6. Your February 3, 6 p.m. Estimates of American holdings have been requested from appropriate agencies and will be forwarded as soon as possible.5 However, in your discussions with the Portuguese Government you will continue to be guided by the considerations set forth in the Department’s telegram 39, October 30, 2 p.m. The actual extent of American holdings has no bearing on the situation. In no case would this Government consider such estimates as in any way limiting the rights of its citizens.

  1. On March 20 the Department telegraphed the Minister that its information indicated that Portuguese tobacco bonds of 1891 in this country totaled 300,000 francs and that no tobacco bonds of 1896 appeared to have been placed here (file No. 853.51/265).