832.5151/1360: Telegram

The Chargé in Brazil ( Scotten ) to the Secretary of State

112. In conversation today with Aranha and with the Exchange Director of the Bank of Brazil both informed me that as soon as the acceptance credits of $19,200,000 agreed upon at Washington are available, prompt action will be taken to clear up American exchange arrears. In view of this present cooperative attitude on the part of the Brazilian authorities, I think it would be well to make these acceptance credits available to the Bank of Brazil without further delay.

I venture to suggest the Embassy be advised by telegraph as to when these acceptance credits will be opened.