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The article discusses the new formula announced by the U.S. government regarding its wartime trade policies with Brazil and ten other Latin-American countries. it says that the plan reserves the right of the U.S. to refuse an export license to ensure that nations who openly cooperate in the war will be given priority to the limited supply of goods for export. It says that each export application will be reviewed by the country involved and its U.S. Embassy staff to see that the goods are essential.

The article reports on the completion of a foreign exchange agreement made by Brazil with its commercial creditors in February 1935, which requires all Brazilian exporters to sell to the Bank of Brazil.