822.6341 South American Development Co./33: Telegram

The Secretary of State to the Chargé in Ecuador (Gade)

3. Your telegram no. 5, January 15 [17], 11 a.m. You are requested to call upon the Minister for Foreign Affairs and discuss with him the proposed obligatory modification of the contract of the South American Development Company.

You may inform him that the proposals of the Government appear to the Company to be so drastic and onerous as to require the immediate suspension of development work on the new property as well as the shutting down of the old mine. Such action of course would be unfortunate for all concerned. Therefore, and as the Company believes it has complied faithfully with all contractual obligations, you may express the hope of this Government that the Ecuadoran Government will find it possible to afford the Company ample time and opportunity to consider sympathetically the proposals made.

Hull