824.50/75a: Telegram
The Acting Secretary of State to the Chargé in Bolivia ( Dawson )
Washington
, February 23, 1942—10
p.m.
103. The Export-Import Bank has prepared drafts of the charter and by-laws of the Bolivian Development Corporation which will be sent to you within a few days for the possible assistance of the committee [Page 597] in La Paz that has been charged with the preparation of these documents.66
Welles
- These drafts were forwarded by the Department on March 2 to the Legation and were returned by the Chargé with his despatch No. 1936, April 6 (not printed); the United States Economic Mission in Bolivia reviewed the documents, making some changes. The purpose of the Corporation, according to the charter, was the development of the natural resources of Bolivia, including the improvement of agriculture, mining, forestry, commerce, industry, transportation, and public works. Broad powers to effect this purpose were accorded to a Board of Directors composed of six members, of whom three were to be Bolivian citizens. (824.50/85)↩