The Secretary of State to the Secretary of the Navy (Denby)

Sir: I have the honor to acknowledge the receipt of your letter of April 1, 1922, outlining the procedure which you desire to have followed in the matter of the issue of $6,700,000 in bonds by the Dominican Republic.

In reply, I am glad to inform you that I have no objection to the procedure as outlined.

I have [etc.]

Charles E. Hughes