The Secretary of State to the Embassy in Brazil

No. 41

The Secretary of State desires to inform the Mission, for its guidance and records, that the second installment amounting to $500,000, due under the terms of Supplement I to the Brazilian Lend-Lease Settlement Arrangement of April 15, 1948,1 which was signed April 19, 1950,2 has been fully paid in the following manner: [Page 1229]

March 15, 1951 $209,115.41 from refund credits, accrued on interim arms program contracts, transferred to lease-lend account.
October 2, 1951 1,526.95 —ditto—
October 2, 1951 289,357.64 by check from Brazilian Treasury Delegation in New York on the Chase National Bank of New York.

After this payment, the balance due under this portion of Brazil’s lend-lease settlement schedule is $1,000,000 payable in two equal installments on or before September 30 of 1952 and 1953.

  1. For text, see Foreign Relations, 1948, vol. ix, pp. 383388.
  2. For information on the supplementary agreement, which applied to certain contingent lend-lease accounts, see editorial note printed in ibid., 1950, vol. ii, p. 759.