Executive Agreement Series No. 82


The Secretary of State to the Brazilian Ambassador (Aranha)

Excellency: I have the honor to acknowledge the receipt of Your Excellency’s note of this date.

My Government welcomes the declaration of the Government of Brazil contained in Your Excellency’s note under acknowledgment in connection with the arrangements for the development of trade between the United States and Brazil embodied in the new Commercial Agreement between the two countries and has taken note of the determination of the Government of Brazil to resolve in so satisfactory and orderly a manner matters involving foreign exchange between the two countries.

The security in exchange matters these assurances will give to trade between the two countries should greatly assist in the development of that trade. They appear to this Government to be both reasonable and moderate and in no way to obstruct such plans or efforts as the Brazilian Government may wish to carry forward in furthering a liberal exchange policy.

Your Excellency will, of course, appreciate that the proffer by Your Excellency’s Government of these assurances as contained in Your Excellency’s note above referred to is not construed by this Government as modifying or affecting in any way the rights of American holders of Brazilian bonds issued in the United States.

I avail myself [etc.]

Cordell Hull