832.5151/129: Telegram

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

42. Your 33, March 10, 1 p.m. Please follow closely developments in this matter and keep the Department informed. As soon as details become available, report how the loan will be applied to alleviating exchange and just when the relief should be expected.

It is, of course, assumed that the exchange cover made available from the anticipated loan would be allocated without discrimination among foreign interests. You may wish to mention this discreetly to the appropriate authorities.

The Department awaits with interest further report of the results of your discussion of exchange difficulties. (See Department’s telegram No. 37, February 21, 5 p.m.)