The Colombian Ambassador (Turbay) to the Under Secretary of State (Welles)
My Dear Mr. Welles: On December 30, 1940, I had the honor to announce on behalf of my Government the bases for the permanent settlement of the External Sinking Fund Gold Bonds of 1927 and 1928 of the Republic of Colombia. At the same time an announcement was released to the press through the State Department85 commenting favorably upon this settlement.
After working out the necessary technical and legal details, we have now completed the formal documents to put this settlement into effect, in accordance with the letter and spirit of the bases announced on December 30th, 1940.
I have the honor to enclose for your examination copies of the proposed Offer, Paying Agency Agreement, form of Bond, Exchange Agency Agreement and form of Certificate to be used in connection with this matter.86 Your impressions about these documents would be truly appreciated.
I avail myself of this opportunity to thank you again for your kind interest and collaboration in these arrangements.