821.51/2662a: Telegram

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

405. The Department is informed that on December 1 the short term debt amounting to $15,000,000 to the National City Bank group will mature. The Department further understands that you have suggested a plan involving interest at the rate of 3 percent and amortization payments beginning at $1,000,000.

The Department is of course interested in a satisfactory settlement of this matter, and requests that you report by telegraph its status.