No. 512.
Mr. Bayard to Mr. Phelps.


Minister, London:

Bounties are opposed by this Government, and no subsidies of any kind are paid by it.

The revision of the tariff is now pending in Congress, and the Treasury recommends an adjustment of rebates.

[Page 708]

Excise on domestic sugar production can not be established by the United States, nor can it abolish impost duties by treaty, nor sign the convention proposed, but reserves the right to conform to international arrangements hereafter by independent legislation.

The British minister has been asked if, with this understanding, attendance of delegates is desirable. On 23d, mailed instructions. Your No. 701 received.