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

No. 1559

Sir: I have the honor to inform the Department that after much insistence I have finally received from the Foreign Office copy of the note from Baring Brothers, referred to in my despatch No. 1537, of July 1st, 1926,20 regarding the naming of an agent in New York to receive Portuguese Tobacco Bonds presented by American holders.

[Page 897]

I can see no reason why an agent cannot be named at New York, not only to receive the bonds, but also to pay them there, if this Government will only instruct the Bankers to do so.

In any event, it is apparent that the Bank is quite willing to have Kidder, Peabody & Co., act as a receiving agent.

. . . . . . . . . . . . . .

I have [etc.]

Fred Morris Dearing
  1. Not printed.