The Salvadoran Minister ( Castro ) to the Secretary of State


Excellency: My Government has held recent conversations with several members of the Bondholders Protective Committee for the [Page 583] Republic of El Salvador, seeking to obtain an arrangement on the foreign public debt of El Salvador.

As reports have been published in the United States press concerning the investigation conducted by the Securities and Exchange Commission regarding the activities of the above mentioned Committee and other Committees representing Bondholders who are citizens of the United States, my Government, before continuing the conversations for the purpose indicated with the Committee I mentioned, has sent me instructions to ascertain what is now the legal situation of the said Committee as a result of the investigation to which reference was made.

I should appreciate any information that Your Excellency could communicate to me on the present legal situation of the Bondholders Protective Committee for the Republic of El Salvador. This note is sent to Your Excellency after an interview had by the undersigned with the Honorable Sumner Welles, Assistant Secretary of State, on this same question, Mr. Welles being already informed that the present communication would be sent to Your Excellency requesting the information to which I referred.

I thank Your Excellency for the cooperation that you may be able to give me in this matter.

I renew [etc.]

Hector David Castro