The Ambassador in Peru (Norweb) to the Secretary of State
[Received August 14.]
Sir: With reference to the Embassy’s despatch No. 7409 of July 20, 1943,78 transmitting comments by the President of Peru regarding settlement of the Foreign Debt, I have the honor to transmit as enclosure no. 1, a statement just received informally from the Ministry of Finance and Commerce as to Peru’s External Funded Debt as of December 31, 1942, totalling S/578,204, 111.46.
Except for the Guano Loan79 on which interest and amortization charges are being paid, all of these obligations are now in default, although, according to the statement of the President of Peru quoted in the despatch just cited, the settlement of the foreign debt is “under study”, which statement the President reiterated in his annual message to Congress delivered on July 28, 1943.
Counselor for Economic Affairs