822.5151/179: Telegram

The Minister in Ecuador (Dawson) to the Acting Secretary of State

25. My despatch No. 1063, July 14.1 I am informed by the Foreign Office that an agreement has been reached to the effect that 50 percent of the exchange arising from future Ecuadorian exports to France [Page 673] will be devoted to payment of sums due French nationals. The negotiations have been conducted in Paris and further details concerning arrangement are not yet available here.2

  1. Not printed.
  2. For text of the clearing agreement between Ecuador and France, signed July 27, 1933, see French Journal Officiel, August 4, 1933, p. 8287.