838.516/376: Telegram
The Chargé in Haiti (Chapin) to the Secretary of State
[Received 1:30 p.m.]
48. My telegram No. 46, June 11, 1 p.m.21 With only 18 days remaining before proposed date of transfer of Banque Nationale, no definite word has yet been received whether National City Bank agrees that transaction may take place as planned and no panels have as yet been submitted to President Vincent for selection of new directorate. This last fact renders impossible the complicated documentary and [Page 724] financial preparation for transfer much of which will require decisions or endorsements by incoming directorate.
Aside from possibly unfortunate effect upon the financial position of the Banque, the uncertainty of the situation is a source of considerable concern to both Banque personnel and to Fiscal Representative. De la Rue informs me that unless appointment of directors can be made within next 10 days he will most reluctantly be forced to recommend postponement of transfer date, which alternative might engender unfavorable reaction by Haitian Government since it would then be placed in embarrassing situation because of its political pledges and the fact that audit and proposed date of transfer are generally known to public.
- Not printed.↩