File No. 882.51/422.

[Untitled]

Department’s July 19. Under bank agreement, Erlanger’s interest for current quarter will be advanced to Sharp August 15 for immediate transmission. Clark urges that bankers arrange with Erlanger to hold advance here, or, failing this, he be permitted to [Page 685] offset payment against interest on new loan. Receivership crippled if Liberian Government forced to pay double interest. Ready money imperatively needed.

Chum.