File No. 839.51/913.

The American Minister to the Secretary of State.

[Telegram—Paraphrase.]

Congress has passed the bill authorizing the Executive to make a contract for a loan as heretofore reported, and the bill has been signed by the President, who strongly advises that the approval of the Government of the United States be limited to approval of such sums as he may need from time to time, expenditures to be controlled by the Minister of Finance, the Legation and the General Receiver of Customs, and if his Government fall our approval immediately to cease as to any unexpended balance of said loan. I strongly recommend this course be approved by the Department, and as soon as possible.

Russell.