422.11G93/1154

The Minister in Ecuador ( Hartman ) to the Secretary of State

No. 617

Sir: I have the honor to confirm my telegram No. 77, of November 20, 11 a.m.,27 wherein I reported total deposits to November 15, [Page 203] 1920, on account of interest on Guayaquil & Quito Railway bonds, and salt certificates. The exact amount of those deposits is as follows:

Account of interest on railway bonds, S/.260,343.17
salt certificates, 65,263.37

As stated in my telegram, no remittances have been made, but I was informed on Saturday by Mr. Norton that the President of Ecuador had informed him that the failure to make remittance of these monies is due to the inability of the Government to buy exchange on London. Mr. Norton advised me that the President had assured him that no part of the sums deposited would be withdrawn, and that remittances would be made as soon as drafts on London could be purchased.

I have [etc.]

Chas. S. Hartman
  1. Not printed.