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The Chargé in Mexico ( Summerlin ) to the Secretary of State

13. To-day’s press published Executive decree signed on 26th regulating issuance and amortization of bonds of public agrarian debt based on article 7 of the law of January 10, 1920. The decree provides for issuance of five series of ten million pesos each 5 percent bonds which will be amortized by means of annual drawings of one-twentieth of value on the bonds outstanding each January. Application of claimants must be presented within one year. Value of expropriated land will in no case be fixed at a price greater than its fiscal value as registered where the property is located plus 10 percent. Copy of decree by mail.60

  1. Not printed.