824.512/48: Telegram
The Minister in Bolivia (Feely) to the Secretary of State
[Received 10:40 a.m.]
78. Department’s telegram No. 34, September 10, 3 p.m. The law as reported out of committee provides for “a tax on capital invested in [Page 2] all of Bolivia, for the national defense, for once only, payable in 2 years” on a sliding scale beginning at ¼ of 1 percent on capital of from 50 to 100,000 bolivianos and ending at 11 percent on capital of over 20,000,000 bolivianos. The method of collection will be regulated by subsequent decree, and the levy will apparently involve article 3 of our treaty. I mentioned “existing treaties” because of the possibility of concerted action by all countries affected.