Mr. Sorsby to Mr. Hay.
La Paz, Bolivia, August 8, 1904.
Sir: I have the honor to transmit herewith two copies of President Pando’s final message.
A large part of the President’s message is devoted to the discussion of the subject of railways for Bolivia, and it is strongly recommended that a thorough examination and study of the country and the several proposed railway lines be made by competent railway engineers before definite arrangements with respect to concessions or contracts for the construction of any of said lines be given, the expenses for such surveys and studies to be paid out of the interests accruing on the £2,000,000 Brazilian indemnity, which indemnity fund, it is generally agreed, shall be wholly employed in the development of railways in the country.
I have, etc,