819.516/140
The Minister in Panama ( Corrigan ) to the Secretary of State
[Received January 17.]
Sir: I have the honor to refer to my despatch No. 583, of December 6,27 and telegram No. 144, of December 9, 1938, 11:00 a.m.,27 reporting the passage by the National Assembly of Panamá of a banking bill repealing the so-called Guarantee Bond Law which had threatened to force the withdrawal of foreign banking institutions from the Republic.
For the Department’s convenience and the completion of its records there is transmitted herewith a translation27 of the said banking law, published as Law No. 44, of December 9, 1938, in the Official Gazette of December 16, 1938. The Law incorporates the changes recommended by the Assembly committee, as reported in the Legation’s despatch above mentioned.
Respectfully yours,