840.51 Frozen Credits/7788: Telegram

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

3786. My 1921, June 6, and Department’s instruction 3307, September 1.64 French Financial Attaché has again approached Bank of Brazil requesting shipment of gold to Banco Central, Buenos Aires, for account of Bank of International Settlements. In view of diplomatic nature of case Director of Exchange has found it necessary to refer case to Minister of Finance for decision.

If Department believes that Bank of International Settlements is under Axis control or acting on behalf of Axis interests and that shipment therefore should not be permitted please telegraph so that I can inform Ministry of Foreign Affairs.

  1. Latter not printed.