The Secretary of State to the Guaranty Trust Company of New York

Sirs: I beg to acknowledge the receipt of your letter (513–27 Foreign Department) and memorandum of March 11, 1927, regarding your interest in a loan of $1,000,000 to the Republic of Nicaragua, for the purposes and under the terms indicated therein.

In reply to your request for an expression of this Department’s views, I beg to state that in the light of the information before it, the Department of State offers no objection to this financing.

You of course appreciate that, as pointed out in the Department’s announcement of March 3, 1922,39 the Department of State does not pass upon the merits of foreign loans as business propositions nor assume any responsibility in connection with such transactions, also that no reference to the attitude of this Government should be made in any prospectus or otherwise.

I am [etc.]

For the Secretary of State:
Leland Harrison

Assistant Secretary