832.5151/781a: Telegram
The Secretary of State to the Ambassador in Brazil (Gibson)
214. Please endeavor to ascertain and cable (1) the amount of the cash payment which the Brazilian Government contemplates making on American frozen credits, and (2) the maturity of the dollar frozen credit notes which will be issued.
For your personal information you are advised that Aranha was expected to submit the Brazilian draft of the frozen credits agreement to the National Foreign Trade Council this week but today informed the Council that he had not yet received the document. [Page 386] The Council is discussing details of discounting frozen credit notes with the Export-Import Bank but progress in making definite arrangements for such discount is hampered by lack of information as to cash payment and maturity of the notes.