812.77/1192: Telegram
The Secretary of State to the Chargé in Mexico ( Boal )
Washington
, June 24,
1937—6 p.m.
121. Near the end of your telegram of June 23 midnight you quote from the decree providing for the expropriation of the Mexican National Railways to the effect that the Federal Government will have to pay creditors of the National Railways their credits within the limit corresponding to the “real value” of the properties transferred to the nation. Please confirm this portion of your telegram and cable briefly any available information as to how real value would be established.
Hull