821.51/2636a: Telegram

The Acting Secretary of State to the Ambassador in Colombia (Braden)

208. An agreement was signed July 23 between the Colombian Ambassador and the Export-Import Bank establishing a line of credit not in excess of $12,000,000 in favor of the Republic of Colombia. Sums drawn against this line of credit will bear 4% interest and must be amortized on a semi-annual basis within 12 years. The credit may be availed of at any time up to December 31, 1945.

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The Department will send you by air mail pouch a full copy of the agreement between the Colombian Government and the Export-Import Bank.