852.75 National Telephone Company/191: Telegram
The Acting Secretary of State to the Ambassador in Spain (Bowers)
60. If, as officials of the International Telephone and Telegraph Company fear, developments in the Cortes again threaten the introduction of legislation for the nullification of their contract or other confiscatory [Page 703] measures, you may rest assured that this Government’s position has not changed from that set forth in Mr. Laughlin’s note of November 23, 1932.
Within this general instruction the Department gives you wide latitude in the means you choose to meet the situation as it arises, but desires to be kept currently informed of developments.