821.51/2522½

The Colombian Embassy to the Department of State

[Translation]

In the decree in which the Government is to order the conversion of the debt and is to fix the conditions of the new bonds there will be included a provision by virtue of which the Government will be authorized to suspend and renew temporarily the service of the debt, in the event that it becomes absolutely necessary. It is understood that this provision is only a power conferred on the Government and one which does not impart a conditional character to the agreement with the Council.