File No. 819.77/286

The Minister of Panama to the Secretary of State

[Translation]

Excellency: I received on day before yesterday from the Secretary of Finance of my country a cablegram reading as follows:

Extension railway decided upon. Prepare the ground for fourth issue. Signed Hacienda.

This cablegram brings me evidence that my Government at last decided to extend the Chiriqui Railway in the Concepcion section which formed the subject of your excellency’s important correspondence of December 22 of last year and of January 4 of this year.

Being ready to take the necessary steps with the Farmers’ Loan and Trust Company of New York, with which the Government of Panama contracted the previous issues and with the National City Bank which has had options on the purchase of the bonds, I permit myself to apply to your excellency and to inform you of my Government’s decision to extend the aforesaid Chiriqui Railway and to inquire whether your excellency’s Government still is in the same excellent disposition to grant its approval of the new issue as it was in January last.

I am [etc.]

Belisano Porras