882.516/49: Telegram
The Chargé in Liberia ( Reber ) to the Secretary of State
[Received 6:03 p.m.]
104. The Acting Financial Adviser informs me that he has learned from Loomis71 in London that the British bank has definitely refused to reconsider its decision to withdraw. He then explained that a government treasury under the control of the American fiscal officers will probably be formed in Monrovia. A bill establishing the treasury will be prepared by the Financial Adviser and submitted to the Legislature, which convenes the second week of October. McCaskey tells me the President has assured him that fiscal officers’ authority over and supervision of the treasury will be complete.
An arrangement with the Dutch “Oostafrikaansche Company” has been proposed whereby its branches throughout the country will act as agents in receiving and distributing government funds.
- John Loomis, Financial Adviser to Liberia, on leave of absence.↩