The Secretary of State to the Minister in Portugal (Dearing)
9. Your No. 10, February 14, 3 p.m. Provided Government of Portugal makes suitable arrangements for payment in full of principal and interest, the Government of the United States will not insist on issuance of a decree but will accept instead a note stating arrangement substantially as set forth in second paragraphs of Department’s telegram No. 3, January 22, and No. 4, January 23, and first paragraph your No. 10, February 14, 3 p.m. Upon the receipt of such a note from the Portuguese Government the Government of the United States will communicate Portuguese proposal to American bondholders so far as they are known to it and will give suitable publicity.[Page 893]
- Your point 2. Department assumes that American bona fide holders of bonds as of the date of the Portuguese note will receive full payment whether their bonds are stamped or not.
- Your point 6. If the Portuguese note is satisfactory the Government of the United States will be disposed to withdraw its note of September 21, 1925.
- Your point 7. Department suggests period of 6 months which will be extended if necessary, but leaves this point to your discretion.
- Your point 8. Department concurs,