The Assistant Secretary of State (Harrison) to the Under Secretary of the Treasury (Winston)

My Dear Mr. Winston: I beg to refer to your letter of December 27,41 and the Department’s reply of December 31, regarding the possibility of the payment of the debt of $26,000, with interest, owed by the Republic of Liberia to the United States.

The Department has communicated with the National City Bank, which is acting as Fiscal Agent under the terms of the new Loan Agreement between the Government of the Republic of Liberia and the Finance Corporation of America, and has inquired as to the probable date upon which it will be possible to take up the question of the payment of this debt.

I am now in receipt of a letter from Mr. Guy Cary, dated January 4, 1927, which reads in part as follows:

“A representative of the Liberian Government is due in this City about the 20th of this month, bringing the text of the loan agreement as reprinted and signed in Monrovia, and prepared, we understand, to discuss financial details in connection with the new loan. Until we have conferred with him, we will not be in a position to answer your question, but will be happy to do so as soon as we can.

“There has been an intimation that as the Liberian loan of 1912 cannot be redeemed and paid off until July 1st, 1927, the next interest date, the Liberian Government may not want to put out the new bonds until about that date.”

Sincerely yours,

Leland Harrison
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