837.515/583: Telegram

The Ambassador in Cuba ( Braden ) to the Secretary of State

528. Department’s telegram No. 418 of July 2 [3], midnight. Ministry of Finance inquires whether arrangements could be made to deliver to local branch of any American bank which our Treasury may designate the United States currency required to pay for the first $5,000,000 of gold to be purchased provided the Treasury feels that additional United States currency is needed here for sugar loan and for expenses the several United States Government defense projects now being executed. Ministry of Finance officials point out that this procedure would save remittance charges both ways.