837.51/1283
The Ambassador in Cuba (
Judah
) to
the Secretary of State
Habana
,
May 28,
1928
.
[Received May 31.]
No. 280
Sir: I have the honor to acknowledge receipt of
your telegram No. 90, May 25, 7 PM., in regard to the proposed new
financing by the Government of Cuba, and to enclose herewith a copy of a
memorandum which I this morning presented to the Acting Secretary of
State in this matter.
The Acting Secretary of State told me that he would take the matter up
with President Machado today.
I have [etc.]
[Enclosure—Memorandum]
The American Ambassador (
Judah
) to the Cuban Acting Secretary of State
(
Fernandez
)
The American Ambassador has today been directed to inform the Cuban
Government that one of the American Banks which has submitted a bid
in connection with the proposed new financing under the general plan
of the law of July 15, 1925, has consulted the Government of the
United States to ascertain whether that Government has any objection
to the credit arrangement which this Bank has proposed to the
Government of Cuba.
In view of this inquiry, the American Ambassador has been instructed
to renew his request, heretofore orally made, to the Secretary of
State of Cuba, that his Government be furnished with the information
respecting this proposed financing which will enable it to act on
the matter with full knowledge of the facts of the situation.
For this purpose, it is therefore requested that the Government of
the United States be furnished with information in connection with
this proposed new financing, covering the following points:
- 1.
- The amount of the proposed financing.
- 2.
- The purpose and the reason for the proposed
financing.
- 3.
- The sources of revenue to be hypothecated for the service
of the proposed financing.
- 4.
- The amounts which these sources of revenue have produced
in recent years.
- 5.
- The amounts which it is conservatively estimated these
sources of revenue will yield in the future.
- 6.
- The amounts of the ordinary revenues of the Cuban
Government during recent years, exclusive of the sources of
revenue to be hypothecated for the service of the proposed
financing.
- 7.
- The amounts of the ordinary disbursements of the Cuban
Government during recent years, exclusive of disbursements
made from the sources of revenue to be hypothecated for the
service of the proposed financing.
- 8.
- Any other facts showing whether or not the use of the
special sources of revenue to be hypothecated for the
servicing of the proposed new financing will leave the
ordinary revenues of the Cuban Government sufficient to
defray its ordinary disbursements.
It is possible that, in connection with the proposed new financing,
the Government of Cuba may have prepared connected studies which it
will not find inconvenient to place at the disposal of the
Government of the United States for this purpose.
