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

No. 3

Sir: I have the honor to refer to the Embassy’s despatch No. 4161, dated July 20, 1933, on the subject indicated above, and to transcribe [Page 66] below a translation of a statement by the Brazilian Foreign Office, published today.

“As a result of negotiations conducted by the Governments of Brazil and France it was agreed that the latter should suspend until September 15th next its decision of July 8th, as well as its complementary measures, and that the former would withhold promulgation of the decree of which it gave notice to the latter and which was to have been published on the 15th instant. Within this period an agreement will be reached directly and definitely for the liquidation of credits of purely and simply a commercial character, and other matters relative to the interchange between the two countries will be examined.

In this connection, I have the honor to inform the Department that I have been advised by some of my colleagues, notably the Belgian Ambassador, that other Governments entertain much the same opinion with respect to the agreement entered into by Brazil with Great Britain as that which induced the Government of France to issue its decree of July 8th.

Respectfully yours,

Hugh Gibson