822.51/295
The Chargé in Italy (Crosby) to the Secretary of State
Rome, August 4,
1920.
[Received August 25.]
No. 106
Sir: With reference to the Department’s
Instruction No. 33, of June 19th, 1920, and previous correspondence,
and to the second paragraph of my telegram No. 290 of July 29th, 11
a.m. [noon],9 I have the honor to enclose, herewith,
translation-copy of a Pro-Memoria (No. 30162/177) of August 3rd,
from the R[oyal] Ministry of Foreign Affairs, regarding a loan from
the Italian Government to the Republic of Ecuador.
I have [etc.]
[Enclosure—Translation]
The Italian Ministry of
Foreign Affairs to the American
Embassy
Pro Memoria
By Legislative Decree of October 28th, 1919, the Government of
Ecuador was authorized by Congress to stipulate a contract ad referendum for the ceding to an
Italian Company (which it was there considered could be
organized by the Royal Government) of the tobacco monopoly,
railway construction and other public works, against a loan for
the sum of the relative works.
The contract remained in the state of project, the Royal
Government having assumed no undertaking in regard thereto.
The favorable disposition shown by the Government of Ecuador
towards Italy however encouraged some Italian manufacturers and
business-men to form a Company, who will proceed to Ecuador,
[Page 185]
exclusively at their
own expense and on their own account, with the principal object
of developing the natural resources of that country, in
accordance with conditions and articles which it will be
considered necessary to stipulate directly with the local
authorities.
The interests of this Company will certainly have the aid and
protection which all national interests abroad in general should
have from the Royal Government.
