811.20 Defense (M) Brazil/361: Telegram

The Acting Secretary of State to the Ambassador in Brazil ( Caffery )

799. “Your 1008, March 24, 2 p.m.35 Suggestion that Rubber Reserve station inspectors at Belém and Manáos to approve final quality and weights before shipment of rubber not practicable at present time.

Rubber Reserve agrees to amend letters of credit to permit single selling agency to draw for value rubber, less F. O. B. charges, in case export shipment not made within 30 days after rubber available for shipment, provided rubber stored in public warehouse acceptable to bank of Brazil and warehouse receipt delivered to American Consul at time of payment.

Rubber Reserve authorizes you to negotiate amendment to differentials contained Department’s 640 March 13 within limits reported in Embassy’s telegram 689, March 4,36 but not over 19½ cents for crude Mangabeira and crude Manicoba or Ceara. Rubber Reserve recommends that differentials for both crude and washed Cameta also crude and washed Caucho be negotiated at or near the prices quoted for these grades in Department’s 640, March 13.

Reply will be made at later date to suggestions connection Article 7 agreement.”

Welles
  1. Not printed.
  2. Latter not printed.