821.51/2385a: Telegram
The Secretary of State to the Under Secretary of State ( Welles ), on Board the S. S. “Santa Elena”
46. From Duggan. It is my impression from a further conversation with the Colombian Ambassador today that he can be persuaded to submit for the consideration of his Government the Laylin formula for a debt settlement provided he can inform his Government that the Department will support it vigorously before the Council. In view of the probable initiation of discussions with the Colombian Government for short term financial assistance, it would seem desirable to advance the debt discussions as rapidly as possible. Is it agreeable to you to inform the Ambassador that if his Government submits the Laylin formula to the Council the Department will do everything it appropriately can to secure its acceptance. [Duggan.]