853.51/315: Telegram

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


4. Your telegram No. 5, January 21, noon, crossed Department’s No. 3, January 22, 5 p.m. Department is further gratified by note of January 19 from Portuguese Foreign Office informing you that bonds held by Americans will be paid, principal and interest, in pounds sterling.

Department assumes, therefore, that Portuguese Government is preparing and will promulgate shortly a decree designating place for payment and indicating suitable period within which bonds held by Americans may be presented for payment. When such action has been taken by Portuguese Government, the Government of the United States will endeavor to notify the American bondholders, through the appropriate channels, so that the tobacco bonds may be promptly presented and the situation liquidated.