832.51/1715: Telegram

The Ambassador in Brazil (Caffery) to the Secretary of State

60. My 54, February 12, 6 p.m., and 45, January 31, 1 p.m.; Department’s 14, January 20, 4 p.m., especially penultimate paragraph. As the Department is aware the Europeans accepted Costa’s plan for payments at 50% of the rates of each of the 4 successive years of the Aranha plan; the Department did not agree. Aranha now suggests that Europeans be paid on that basis and we be paid on the basis for which Department has expressed preference that is 41.25%, 42, 44 and 50% of the last year of Aranha plan in the 4 successive years of the new plan. I shall appreciate the Department’s early opinion on this.