102.81 Rio de Janeiro/153: Telegram
The Ambassador in Brazil (Gibson) to the Acting Secretary of State
Rio de
Janeiro, December 11, 1933—3
p.m.
[Received 3:35 p.m.]
[Received 3:35 p.m.]
121. From Commercial Attaché for Commerce. 12, Friday Bank of Brazil adopted policy supplying exchange to cover imports raw materials only. Continuation would affect major portion our export trade. Figueiredo states measure experimental obtain reaction, several times has urged us influence American exporters curtail sales here. Statistically exchange supply appears sufficient meet current import and Government requirements. Threat to American commerce justifies immediate vigorous representation.
Gibson