711.1928/3181/10a
The Chief of the Division of Latin American Affairs (Wilson) to the Panamanian Minister (Alfaro)
Dear Doctor Alfaro: Thank you for your letter of January 22, in reply to my letter of January 21, on the subject of the annuity. I have noted the statement of the views of your Government regarding the suggestions which have been made in relation to acceptance of the payment tendered on February 26, 1934, as a payment “on account” with reservation of all rights in the matter, and with reference made in an exchange of notes to the provisions agreed upon in the proposed treaty regarding the annuity.
With regard to the supplementary aide-mémoire, dated January 16, 1935, in which you call attention to the treatment accorded funds deposited by the Philippine Islands in the United States, I can only assure you that it is our earnest desire to agree with you upon a method for the settlement of the annuity question in a manner wholly satisfactory to our two Governments. As you know, it has seemed to us, after mature consideration of all phases of the question, that the only feasible way of accomplishing this end is to make appropriate provision for the payment in the treaty under negotiation; we are, with you, bending every effort to work out a satisfactory solution along such lines, and entertain confident hope that this may be effected.
Sincerely yours,