823.51/1388a: Telegram
The Secretary of State to the Chargé in Peru (McGurk)
Washington, December
16, 1940—8 p.m.
149. The Export-Import Bank has approved the extension of a credit of $10,000,000 to the Central Reserve Bank of Peru at 4 percent [Page 1142] interest and to be amortized over a 6 year period. The proceeds of the credit are to be used for general imports of United States goods, and the earlier $2,000,000 credit is to be canceled. Details of the arrangement are being worked out with Beltrán, and no public announcement is to be made at this time.
Hull