The Assistant Secretary of State (Dearing) to President King

My Dear Mr. President: In view of the execution of the financial agreement on October 28, 1921, in terms of a proposed new credit of $5,000,000 subject to appropriate action of Congress, I have the [Page 390] honor to inform you, in keeping with previous verbal expressions of the Department of State, that the balance of the credit established in favor of Liberia with the United States Treasury September 12, 1918,11 but not deemed available, has therefore been withdrawn.

I am [etc.]

F. M. Dearing
  1. Credit established by Treasury Department on Sept. 9, 1918; Liberia notified by State Department on Sept. 12, 1918; see Foreign Relations, 1918, p. 537.