882.51/1893: Telegram
The Financial Adviser of Liberia (De la Rue) to the National City Bank of New York53
For Hoffman:54 Advise Finance Corporation that departure from conditions laid down by Government as the basis upon which would negotiate loan has caused critical situation. Government will not assign all of the revenues nor change from final memorandum given Crews on this point, but if reason for this and other changes incorporated in article X, page[s] 12 and 13 new draft are for the purpose of protecting purchasers from premature issue second [$]2,500,000 bonds before revenue justifies same, Government may consider changing original form and embodying clause that second bond issue will not be made before revenues assigned reach $800,000. Advise.
- Received by the Department as an enclosure to a letter dated Oct. 29, 1926, from Guy Cary of Shearman & Sterling. The text, which was garbled in transmission, has been corrected to agree with a copy received through the Legation at Monrovia (file No. 882.6176 F 51/189).↩
- William Hoffman, vice president and trust officer of the National City Bank of New York.↩