832.5151/619: Telegram
The Chargé in Brazil (Gordon) to the Secretary of State
[Received May 9—5:30 p.m.]
128. Department’s 84, May 8, 7 p.m. The aide-mémoire which I submitted to the Minister of Finance last night put the matter substantially in the same manner as it is set forth in the Department’s telegram under reference with one exception; namely, the new point contained in the Department’s telegram concerning the utilization of any balance in the annuity to redeem the obligations issued by the Bank of Brazil by repayment at par under precise conditions to be determined. In my aide-mémoire I dealt with the necessity of the annuity taking care of the interest and amortization of such obligations. If I understand correctly the Department’s idea is in effect an accelerated amortization so I consider the principle covered by my aide-mémoire, and can give the point the desired application in my next interview with the Finance Minister.