File No. 819.77/286
The Secretary of State to the Minister of Panama
Washington, August 14, 1917.
Sir: I have the honor to acknowledge the receipt of your note of the 1st instant in which you advise the Department that your Government intends to extend the Chiriqui Railway in the Concepcion section and desires you to ascertain whether this Government is inclined to view favorably the contract entered into with the Farmers’ Loan and Trust Company of New York for a new issue of bonds for the purpose above mentioned.
I have the honor to say in reply that this Department is agreeable in principle to a further issue of bonds for the purpose specified in your note.
Accept [etc.]