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  4. Document 814

823.51/1234

The Secretary of State to the Ambassador in Peru (Steinhardt)

Washington, October 22, 1938—1 p.m.

42. Your telegram no. 67, October 6, noon. Glazebrook, Chairman of the General Advisory Committee of Peruvian Bondholders, has been in discussion with White, President of the Foreign Bondholders Protective Council, and both have talked with the Department and with Ambassador Steinhardt about the most practical and effective method of trying to facilitate negotiations looking toward a settlement on Peruvian bonds held in the United States. Their discussions have not yet reached definite conclusion.

In the meantime, the Department understands that the Advisory Committee is instructing Oreamuno to endeavor to secure the best possible written offer for simultaneous transmittal to the Committee and the Council.

For your information only: The Ambassador on his return will informally express to the Peruvian authorities the great interest of this Government in the arrangement of some mutually satisfactory settlement and the hope that the Peruvian Government will do its utmost to put forward an offer satisfactory to the Council and the Committee.

Hull