838.51/1452: Telegram

The High Commissioner in Haiti (Russell) to the Secretary of State

150. My despatch number 85 of November 11th, 1922,69 and Department’s instruction number 53, November 13, 1922.69 In accordance with the Department’s instruction number 474 February 2, 192270 General Receiver has set aside to [the?] following amounts: Interest bank note for the fiscal year 1921–22, $103,989.33; interest [Page 522] guarantee National Railroad, $186,090.53; interest on the interior debt, $111,929.59.

The first item has been released by payments from the proceeds of the loan; the last two items will become available as soon as the Financial Adviser will have authorized payment from the proceeds of the loan. Authority is requested to obtain the $300,000 mentioned,72 first from funds set aside for the service of old debts and now made available by the realization of the loan; second from funds made available by the loan.

Financial Adviser concurs. Funds much needed at this time for initial development work.

Russell
  1. Not printed.
  2. Not printed.
  3. Ante, p. 478.
  4. In his despatch no. 85, Gen. Russell mentioned the necessity for the expenditure of this amount on public works.