837.51/1509: Telegram
The Chargé in Cuba (Reed) to the Secretary of State
Habana, May 12, 1932—2
p.m.
[Received 4:30 p.m.]
[Received 4:30 p.m.]
57. Chase Bank Manager informs me $20,000,000 public works credit was today extended for additional 60 days.
Decree published yesterday orders payment of $1,793,000 still due Warren Brothers for road work. Payment to be made at the rate of $50,000 per month from unobligated ports improvement revenues. This would indicate that proposed issue of $10,000,000 treasury notes referred to in the Department’s instruction No. 548, April 30,87 has now been abandoned since no other revenues are available as security.
Reed