File No. 422.11G93/794.

The British Ambassador to the Secretary of State.


The British Ambassador presents his compliments to the Secretary of State, and, with reference to Mr. Bryan’s memorandum of the 7th ultimo respecting the attitude of the Ecuadorian Government towards the bondholders of the Guayaquil & Quito Railway, has the honor to draw attention to the various works which are now being carried out by the Ecuadorian Government. Among these may be mentioned the Huigra-Cuenca Railway (Messrs. Orenstein, Koppel & Company), the Curaray Railway and the sanitation of Guayaquil. The London representatives of the bondholders have represented to His Majesty’s Government that there can be little or no doubt that all these undertakings are being financed out of funds preferentially pledged to the holders of Guayaquil & Quito Railway bonds.