832.5151/122: Telegram

The Secretary of State to the Ambassador in Brazil (Morgan)

37. The Department approves the procedure proposed in the first two sentences of the last paragraph of your No. 4028, February 2, 1933, regarding exchange restrictions and hopes you will take early opportunity to discuss this matter with Brazilian authorities. It does not, however, believe that the proposal in the second numbered paragraph of the memorandum mentioned in the last sentence of your despatch would be advantageous to the interests of this country, all things being considered.