617.003/250: Telegram

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

15. The Department’s assumption under caption 6 in its telegram No. 8, February 1, 5 p.m. is correct and statement may be included in its release that the Nicaraguan Government does not contemplate an increase in the basic rates of duty specified in Schedule I of the trade agreement but rather in the rate of conversion between the paper cordoba and the gold cordoba.

Foreign Minister offered to include this in Nicaragua’s note. If this is considered desirable please indicate form.