811.20 Defense (M) Brazil/926: Telegram
The Ambassador in Brazil ( Caffery ) to the Secretary of State
[Received 9:22 p.m.]
2819. The cocoa and coffee agreements have not been signed owing to last minute developments in shipping deal. However Brazilian Government accepts the six agreements covering babassu, castor, burlap, ipecac, cotton linters and rotenone and will announce today they have been signed.10
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Copies of the notes covering these agreements were transmitted to the Department by the Chargé in his despatch No. 8098, August 4, 1942 (not printed). They included detailed provisions on the following: Chronological period or periods in which they were to apply; participation of the Defense Supplies Corporation, the Commodity Credit Corporation and the Banco do Brasil; preclusive purchases by the United States and export embargoes by Brazil so as to exclude the Axis; price formulae; responsibility for the payment of taxes and storage charges; provision for deterioration of the commodity, method and timing of payments, inland transportation, and financial backing for developing producing facilities. (811.20 Defense (M) Brazil/994)
For information in Portuguese concerning these agreements, see Ministério das Relações Exteriores, Relatório de 1942 (Rio de Janeiro, 1944), pp. 33–41.
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