Rio De Janeiro, Apr. 24.
Brazil was willing to resume payments on her foreign debt service li the trade balance was large enough after a readjustment of her economy, declared Dr, Getulio Vargas, President of Brazil, at a press conference yesterday, Otherwise, he added, the only way envisaged was the nationalization of Brazil's foreign debt through the conversion of bonds into national This," the President asserted, "would. show our willingness to pay. Time and circumstances may give us an opportunity of examining, with the interested parties, any other solution."
Debt payments, he said, could be made by means of ore barter, as Brazil was doing her utmost to explore her enormous iron mines, The President gave no indication as tu what sort of guarantees he was willing to give to foreign capital, although he emphasized its necessity. Payments on Brazil's foreign debts were suspended by President Vargas last November, when he proclaimed a new Constitution—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.