617.003/242: Telegram

The Secretary of State to the Minister in Nicaragua (Long)

4. Your telegram No. 3, January 10, 6 p.m. You should inform the Nicaraguan Foreign Minister4 that the proposed increase in the rate of exchange for the payment of import duties which would require that import duties prescribed in Schedule I of the trade agreement be paid in cordobas at the official rate of exchange for the United States dollar involves the important question of the effect of the proposed measure upon the trade agreement. The Department hopes that action in regard to the measure will be deferred until the views of this Government with respect thereto can be communicated to the Nicaraguan Government. The Department hopes to be able to transmit such views within a few days.

  1. Manuel Cordero Reyes.