821.51/2668: Telegram

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

434. Your 565, November 18, 9 p.m., and 574, November 21, 8 p.m. The Department is gratified at the progress being made in these discussions. Counsel of the National City Bank today informed the Department that the amount which it is proposed to include in the budget for next year makes provision for the equivalent of only $287,000 towards amortization instead of $500,000 which the Bank had been led to expect. Please continue to inform the Department fully regarding these matters.