896.51/12–2846: Telegram

The Ambassador in the Philippines (McNutt) to the Secretary of State

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1014. In reply to inquiry from Elizalde regarding loan, Roxas advised him that if assurances were received by Embassy here, in accordance with Embtel 1003, December 26, State Dept would issue announcement assuring of transiency of 25 million dollar loan terms, such terms would be acceptable to him and he would wire instructions. Roxas is extremely anxious to obtain this loan which he says is necessary for payment of salaries next month.

McNutt