882.515/72 Suppl: Telegram
The Acting Secretary of State to the Chargé in Liberia (Hibbard)
188. Department’s 187, August 3, 8 p.m. Reference is made to the fourth sentence of the note transmitted to you beginning “any obligation of the Government of the United States,” etc. The stipulations that the obligation shall terminate on June 30, 1943 and is subject to [Page 436] earlier termination by the Secretary of the Treasury are necessitated by the legislation establishing the stabilization fund under which it is proposed that the contemplated transactions will be carried out. This legislation will expire on June 30, 1943 unless renewed by the Congress. The Department does not feel that either of these stipulations need cause the Liberian Government apprehension since they do not reflect any intention on the part of the Treasury not to complete the conversion of the British coin into American coin.