839.51/4837: Telegram

The Minister in the Dominican Republic ( Scotten ) to the Secretary of State

142. From Wilson. Thanks for your 120, August 24, 5 p.m. I particularly appreciate the flexible form in which the instructions are issued.

We hope to meet the Dominican Commission tomorrow and are in complete accord with your points 1 to 8 inclusive.

We also agree as to the National City Bank and plan to mention the matter orally at tomorrow’s meeting.

As to figures to be inserted under your point 7, we think that 10 per cent of revenues in excess of 12,500,000 and less than 13,500,000 should be applied to the sinking fund and that an additional 5 per cent should be levied on all collections over 13,500,000 dollars.

On examination the seasonal variation in the revenues of the Republic does not appear sufficiently great to warrant changing the payments from 12 equal installments. [Wilson.]