838.51/3306

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

No. 470

Sir: With reference to my despatch No. 4.64 of April 6,20 reporting that President Vincent professed to believe that the Schroder negotiations were progressing well, I have the honor further to report that the Foreign Minister yesterday expressed the same view to the Fiscal Representative and said that he now had good reason to believe that the negotiations would lead to a satisfactory agreement, and from letters he had received he felt that this agreement would be reached prior to August 1; while he realized that the money from the loan would probably not be forthcoming until the autumn, he hoped in the loan contract to include a stipulation for an advance, at the time of signing the contract, sufficiently large to enable the Haitian Government to start on its public works program.

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M. Léger said he accordingly felt that it would be futile for him to conduct conversations with the Fiscal Representative looking to the formulation of a satisfactory Bank Plan and the consequent signature of a protocol terminating our financial control.

Respectfully yours,

George A. Gordon
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