838.51/2558: Telegram

The Secretary of State to the Minister in Haiti ( Armour )

75. Your 128, November 11, noon. The Department approves your action in having Haitian note proposing discontinuance of amortization payments withdrawn.

With reference to funds for the Artibonite project, the Department feels that such financing is a matter for the Haitian Government to work out in conjunction with the Financial Adviser, who has undoubtedly talked over the project with the bankers likely to be interested. It should be an easy matter for the Government to communicate with De la Rue to express its views and to learn the results of any recent negotiations with the bankers.

[Page 693]

It is of course understood that any loan of whatever nature, as well as the use of funds from the cash reserves, would require the Department’s approval. Until such time as a concrete proposal for a loan or the measures under which funds from the cash reserve would be used, are presented to the Department for consideration, the Department does not feel called upon to express an opinion.

Stimson