821.51/2537
The Ambassador in Colombia (Braden) to the Secretary of State
[Received August 30.]
Sir: I have the honor to refer to my despatch No. 877 of July 26, 1940, transmitting the original Spanish text and English translation [Page 713] of Decree 1388 of 1940 authorizing the settlement of the Colombian Government’s dollar bonded indebtedness.
On July 18, 1940, there was issued under the President’s special powers as conferred by Law 54 of 1939, a supplementary decree, No. 1433 of 1940,18 which provided that the former Decree 1388 did not necessarily contemplate the physical exchange of previously issued bonds for new ones, and that any settlement which might be made under either decree required the previous favorable concept of the national loan committee for its validity.
Respectfully yours,
- For text, see Colombia, Diario Oflcial, July 25, 1940, p. 289.↩