839.51/4510½
Memorandum by the Assistant Secretary of State (Welles) to the Chief of the Division of Latin American Affairs (Duggan)
Mr. Duggan: Dr. Henríquez and Mr. Pastoriza came to see me this afternoon and left with me the attached draft23 for my consideration.
You will see from it that it is their desire to postpone for further consideration the modification of the existing Convention of 1924, in so far as the elimination of the Receivership General is concerned, until they can determine, in their opinion, whether it is practicable to obtain the creation of an Executive Committee of the bondholders, and to negotiate without further delay a convention modifying the Convention of 1924 in those points which relate to the Dominican tariff and to the interpretation of the phrase “public debt of the Republic.”
I see no objection to this procedure and I have so stated to them. I have not read this draft, which I wish you would have studied and [Page 459] advise me if there are any material discrepancies between it and the project I gave them for their consideration.
- Infra.↩