822.51/884: Telegram
The Secretary of State to the Minister in Ecuador (Long)
Washington, June 4, 1940.
59. The following was released today by the Federal Loan Agency:
“Federal Loan Administrator, Jesse H. Jones, today announced that the Export-Import Bank of Washington had approved a loan to Ecuador in the amount of $1,150,000 for the following purposes:
- 1.
- Approximately $900,000 primarily for the acquisition of United States products and services to be used in the construction of highways, preference to be given to highways which will complete an international highway through Ecuador.
- 2.
- Approximately $200,000 for the purchase of railway locomotives and cars manufactured in the United States.
- 3.
- Approximately $50,000 to aid Ecuador in research and distribution of disease-resistant strains of cacao and for other agricultural experimentations. This project is to be developed in cooperation with the United States Department of Agriculture.”
Details will be sent you by air mail.
Hull