The Ambassador in Guatemala ( Kyle ) to the Secretary of State
[Received July 26.]
Sir: With reference to the Embassy’s despatch No. 1511 of July 2, 194632 regarding the intervention by the Guatemalan Government [Page 899] of Aviateca and forwarding a copy of the congressional decree authorizing this action, I have the honor to enclose a copy in translation of a decree, effective July 20, 1946,33 establishing a board encharged with the formalities in connection with the transfer to the State of the property and assets of the Compañía Guatemalteca de Aviación. The decree also provides that once this transfer is completed the present Interventor, Colonel Tomás M. Letona, will automatically become manager of the new company. The manager is empowered to pay private individuals possessing shares in Aviateca the paid-in value of the shares to which they have subscribed.
Secretary of Embassy