832.51/1306: Telegram
The Ambassador in Brazil (Caffery) to the Secretary of State
[Received 5:55 p.m.]
104. Department’s telegram No. 60, April 30, 11 a.m. I have seen President Vargas and given him Department’s message. He was very cordial but he did not commit himself. However, I have received from the Itamaraty58 a lengthy memorandum on the subject which I shall transmit by air mail.59 After reciting in some detail the reasons why the debt was suspended and why the Brazilian Government felt that it cannot resume payments at this time and expressing the hope that a return of prosperity will be experienced at an early date, the memorandum concludes with the following: “and, just as soon as the expected recovery has taken place, conversations will be initiated for the regularization of the situation of the foreign debt of the nation, a subject which the Government considers to be of the highest and greatest importance”.