832.51/1720: Telegram

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

65. Department’s 33, February 17, 3 p.m. As the Department correctly understood Aranha’s last offer would give each of grades I and II interest at 50% and amortization at 40% of the Aranha plan rates which were constant throughout the 4 years. All other grades would receive in the four successive years of the new plan 40%, 41%, 43% and 50 respectively of the rates of the last year of the Aranha plan.

Referring to my telegrams 54, February 12, 6 p.m., especially the parentheses, and to the last paragraph of my telegram No. 63, February 16, 6 p.m., Aranha before proceeding further will of course make direct inquiry of me regarding the public attitude the Council would take in the premises.