821.51/2675: Telegram
The Ambassador in Colombia (Braden) to the Secretary of State
[Received 1:17 p.m.]
593. Department’s telegram No. 445, November 29, 4 p.m. Pending legislation provides that during 1942 amortization payments should not exceed those received during 1941. Thereafter amortization could amount to one million dollars or more per year, always providing no less than 10 years were taken for extinguishment of debt.
While it is true that $500,000 payment was discussed for 1942, this is not provided for in draft legislation which has already passed Lower House and an attempt now to get this additional $300,000 for 1942 might imperil entire project.