824.51/1193: Telegram
The Ambassador in Bolivia (Boal) to the Secretary of State
[Received 10:33 p.m.]
435. My 424, June 13, noon.79 Note from Foreign Office dated today79 states that Bolivian Government, that is Cabinet, has approved charter and bylaws. No direct mention is made of approval of proposed contract between Bolivian Development Corporation and Bolivian Government although it is stated that Cabinet action enables Bolivian Government to form Corporation and to sign contract between it and Corporation.
Note adds that approval of charter and bylaws and granting of legal recognition of Corporation are acts within administrative competence of Bolivian Government but that contracts both between Bolivian Government and Corporation and with Export-Import Bank as well as law authorizing them will be submitted to next Congress meeting August 6 for its approval.
Copy of note being sent by air mail.