832.51/812: Telegram

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

95. Your 109, November 8, 9 p.m., and 111, November 9, 11 p.m. In accordance with the request of the Brazilian Government we have transmitted copy of the Brazilian plan to the organization group for the Bondholders’ Commission. The group has this matter under consideration and is getting in touch with the interested parties. You will of course appreciate that this organization group has just begun to undertake its task and thus far the Commission has not been legally [Page 94] organized and incorporated. It is necessary to give it reasonable time to get its general scheme of operation worked out so that it can apply itself to the Brazilian situation, which, however, is likely to be its first major consideration. We hope to have some further news early next week.

Phillips