821.51/1735: Telegram

The Chargé in Colombia (Dawson) to the Acting Secretary of State

89. Second paragraph my telegram number 88, November 11, 10 [9] a.m. Bill was passed Senate in third debate Saturday and is now before House of Representatives. It provides also that forced sale of mortgaged property shall not be effected unless bid received is at least equal to appraised value of property. Provisions of law 37 of 1932 (despatch number 4806 of November 28, 193247) and of bill itself are extended to include mortgages held by insurance companies. National City Bank has instructed its local manager to present energetic protest and request assistance of the Legation.

  1. Not printed.