811.512332 Shipping/20
The American Ambassador in Brazil (Morgan) to the Brazilian Minister for Foreign Affairs (Mangabeira)
Mr. Minister: I take pleasure in informing Your Excellency that after a lengthy correspondence between this Embassy, the Department [Page 479] of State and the United States Treasury Department, regarding a reciprocal exemption from taxes by the Government of the United States on income derived from the operation of ships registered under Brazilian laws and in accordance with the provisions for reciprocal exemption contained in the United States Revenue Act of 1928, the income of Brazilian citizens arising exclusively from profit derived from the operation of ships registered under Brazilian laws will be exempt from taxation by the Government of the United States. This exemption became effective on January 1, 1929.
Accept [etc.]