Mr. Hay to Mr. White.

[Telegram.—Paraphrase.]

(Mr. Hay states that the President has informed Venezuela of the invitation which may be extended to him by the powers and has inquired if it is also the wish of Venezuela that he so act.

Pending the Venezuelan answer the President would be glad to be informed more precisely of the reservations of the subject-matter of arbitration contemplated by the powers as soon as they are formulated.)