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  4. Document 855

821.51/2564

Memorandum of Conversation, by the Acting Chief of the Division of the American Republics (Bonsal)

[Washington,] December 20, 1940.

I told Señor Vargas Nariño,21 who called on me in substitution for Ambassador Turbay, who is indisposed, that the Department is continuing its discussion with the Foreign Bondholders Council regarding the Colombian offer of a permanent settlement. I stated that, although [Page 717] we realized the time factor involved (the first coupon not covered by the current temporary settlement falls due on January 1, 1941), we thought it advisable to make every effort to secure either the approval or at least the neutrality of the Council in regard to the settlement. I said that the Ambassador would be advised immediately we had reached the decision that no further modification of the Council’s attitude could be looked for.

  1. First Secretary of the Colombian Embassy.↩