821.51/2668: Telegram

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

565. My telegram No. 551, November 13, 2 p.m. Minister of Finance informed me today that he had been authorized by the Control Board to negotiate a definitive settlement of group loan and to include an amount therefor in budget for next year. He implied however that this sum would be less than for future years. He expects to initiate negotiations about the middle of December.

I have informed National City Bank manager and attorney of the foregoing.