Foreign Relations of the United States Diplomatic Papers, 1937, The American Republics, Volume V

832.51/1192: Telegram

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

Rio de Janeiro, November 6, 1937—noon.
[Received November 6—11:57 a.m.]

141. Boucas⁴⁰ informs me that on account of the present confused situation caused by the decision of the Government to alter its coffee policy the Minister of Finance⁴¹ is considering recommending a suspension of service on certain foreign debts. He asserted, however, that both the Minister of Finance and himself are determined to protect the dollar bonds in accordance with the conversations held in Washington.

Caffery

40. Valentim Bouças, member of the Brazilian Federal Foreign Trade Council and Special Technical Adviser to the Minister for Finance.
41. Arthur de Souza Costa.