The Minister in Paraguay (Howard) to the Secretary of State

No. 952

Sir: I have the honor to refer to despatch No. 929, August 31, 19399 reporting that the Estigarribia administration had submitted to Congress its projects for obtaining credits to stabilize the peso and build public works.

Early last week the project of law authorizing the Bank of the Republic to contract a credit of up to $500,000 with the Export-Import Bank was passed, and on Friday, September 15, the project for a highway to Villarrica, sanitation works in Asunción and minor port works, at a total value of approximately $3,000,000, received final approval in the Senate and was sent to the Executive Power for action.

Respectfully yours,

Findley Howard
  1. Not printed.