The Ambassador in Brazil (Caffery) to the Secretary of State
[Received February 17—11:40 a.m.]
64. My 63, February 16, 6 p.m. In discussing his last suggestion for a debt settlement again last evening Aranha said positively that the Brazilian Government is definitely willing to go through with it if we do not object to it.
He said that if we assent to it the Brazilian Government will simply announce that it has made a final decision to resume service on that basis.
In my opinion this is as good an offer as we will get out of the Brazilian Government at this time.