Probability of passage of bill in Congress authorizing loan to Ecuador, understood to be offered by U. S. bankers, for public works, service of interest, and amortization of Guayaquil and Quito Railway bonds, etc. Nov. 5 From the Minister in Ecuador (tel.) 175 Congressional approval of bill authorizing President to make ad referendum contract with Italian Government for loan to Ecuador. Nov. 12 (466) From the Minister in Ecuador Dec. 11 1920 Feb. 25 (1074) Legislative decree of Oct. 28, 1919, authorizing President to negotiate ad referendum an Italian loan to Ecuador (text printed). From the Minister in Ecuador (tel.) Inactive status of U. S. and Italian proposed loans. To the Chargé in Italy Instructions to intimate, if Italian Government is interested in proposed Ecuadoran loan, that the United States disapproves increase of Ecuador's foreign debt while nation is in default on service of railway bonds guaranteed by Govern ment. From the Chargé in Italy Presentation of U. S. observations as instructed in view of Italian Government approval and support of Ecuadoran loan being considered by Italian bankers. 175 179 179 Apr. 14 (1581) 180 May 19 Memorandum by Mr. Johnson, Division of Latin American 181 June 19 (33) Conference between U. S. and Ecuadoran officials on small loan to Ecuador and conversion of its present indebtedness. To the Ambassador in Italy 183 Request for copy of Accorsi contract with Ecuador and for act of Parliament approving it. Organization of company under Accorsi project and appointment of commissions to proceed to Ecuador to effect definite contract; possibility of discrimination under terms of agree ment. From the Chargé in Italy Pro memoria from Italian Ministry of Foreign Affairs (text printed)_affirming Government support of proposed Italian loan to Ecuador. To the Minister in Ecuador (tel.) Instructions to facilitate mission of A. F. Lindberg in Ecuador as representative of Brown Bros. and Co. and Mercantile Bank of the Americas in negotiations for conversion of foreign debt of Ecuador. From Mr. C. H. Hand, Jr., of Brown Brothers and Company 184 185 185 Plan for refunding of Ecuador's foreign debt (text printed). ECUADOR AFFAIRS OF THE GUAYAQUIL AND QUITO RAILWAY RESUMPTION, ON MARCH 6, 1920, OF DAILY DEPOSITS FOR THE SERVICE OF THE RAILWAY BONDS BUT IN INSUFFICIENT SUMS-CONCERN OF THE AMERICAN GOVERNMENT OVER THE ECUADORAN GOVERNMENT'S DELAY IN REMITTING THE ACCUMULATED DEPOSITS Date and number Subject Page 1920 Jan. 31 (4) To the Minister in Ecuador (tel.) 191 Inquiry regarding resumption of daily deposits for payment of interest on Guayaquil and Quito Railway bonds. From the Minister in Ecuador (tel.) 191 Foreign Minister's statement that daily deposits have been resumed. Feb. 24 (8) From the Minister in Ecuador (tel.) 192 Substance of Foreign Minister's note explaining difficulties in securing funds for service of railway bonds; intention of Government to fulfill its obligations; necessity for loan. Feb. 24 (7) To the Minister in Ecuador (tel.) 194 Instructions to cable date of resumption of daily deposits and whether payments now continue. Feb. 29 (9) From the Minister in Ecuador (tel.) 194 Nonresumption of daily deposits; misunderstanding of Instructions to verify statement made by Ecuadoran Minister that daily deposits have been resumed. From the Minister in Ecuador (tel.) 195 Information that daily deposits were resumed Mar. 6 in accordance with Executive decrees; total of such deposits; suspension of negotiations for additional loan. Mar. 19 (11) To the Minister in Ecuador (tel.) 196 Instructions to interview officials and report whether daily deposits equal amount due on railway bonds. Mar. 22 (18) From the Minister in Ecuador (tel.) 196 Failure of daily deposits to equal total amount due on railway bonds. Mar. 25 (13) To the Minister in Ecuador (tel.) 196 Inquiry as to proportion of amount due deposited daily; instructions to investigate Government methods of making deposits. Mar. 26 (14) Mar. 28 (20) To the Minister in Ecuador (tel.) 196 Instructions to request explanations as to why Guayaquil officials refuse to furnish information regarding daily deposits, and why daily deposits fail to equal amount due. From the Minister in Ecuador (tel.) 197 Failure of daily deposits to approach amount due, and probability of continued deficit in view of reduced revenue from import duties. 1920 Apr. 1 (525) Nov. 1 (39) Nov. 4 (75) Nov. 22 (617) Dec. 8 (41) Dec. 20 (624) Dec. 21 (627) From the Minister in Ecuador Substance of consul general's telegram on Government methods of deposit; note to Foreign Minister and memorandum of interview with him (texts printed) on failure of Guayaquil officials to furnish requested information and inadequacy of daily deposits; arrangements for making available information on deposits. To the Minister in Ecuador (tel.) 198 202 Further inquiry regarding continuance of daily deposits and remittances to London. From the Minister in Ecuador (tel.) 202 Report of Government deposits on account of railway bonds and salt certificates and failure to make remittances; fear of withdrawal of funds; recommendation for representations. From the Minister in Ecuador Exact amount of deposits on account of interest on railway bonds and salt certificates; failure to make remittances because of lack of exchange; assurances by President that sums deposited would not be withdrawn. To the Minister in Ecuador (tel.) Instructions to interview President, express concern over failure of Ecuador to meet obligations, assure him of U. S. assistance and, if true, make representations against President's alleged statement favoring possible foreclosure of railway. From the Minister in Ecuador Further report on total deposits for service of railway bonds and salt certificates, and of no remittances to London. From the Minister in Ecuador Interview with President regarding Ecuador's failure to meet its indebtedness and President's willingness to see foreclosure of railway rather than arrange for refunding loan. 202 203 204 204 CACAO TRADE EFFORTS TO SUSTAIN THE CREDIT OF THE CACAO ASSOCIATION-MEASURES URGED UPON THE GOVERNMENT OF ECUADOR BY THE GOVERNMENT OF THE UNITED STATES Nov. 15 (614) Suggestion of continuation of export tax and release of sufficient cacao to cover indebtedness as best means of solving crisis in Ecuadoran cacao dealings with Mercantile Bank of the Americas. Request for views. From the Minister in Ecuador Adjournment of Congress without passing 3-sucre-tax extension bill. Letter from assistant manager of Mercantile Bank (text printed) giving survey of situation, stressing necessity for action by Congress for protection of Cacao Assn. 206 207 Date and number ECUADOR CACAO TRADE-Continued Subject Page 1920 Nov. 29 (40) Dec. 13 (79) Dec. 13 (42) Dec. 23 (86) To the Minister in Ecuador (tel.) Plan formulated by Ecuadoran Minister and representative of Mercantile Bank in conference with Department officials for Government action to sustain credit of Cacao Assn. Instructions to use good offices in matter. From the Minister in Ecuador (tel.) To the Minister in Ecuador (tel.) 210 211 Presentation to President of plan for financing Cacao Assn., through act of Congress in extra session. 212 Instructions to use good offices and urge solution of cacao problem in view of threatened liquidation of association. From the Minister in Ecuador (tel.) 212 President's refusal to convene Congress in immediate extra session; measures to solve cacao problem as recommended by advisory commission. PETROLEUM LEGISLATION OF OCTOBER 18, 1919, and November 25, 1920 1919 Oct. 30 From the Minister in Ecuador (tel.) 213 Transitory petroleum bill passed Oct. 18, 1919, pending enactment of new law; similarity to Colombian law. 1920 Dec. 21 (626) From the Minister in Ecuador 213 Legislative decree of Nov. 25, 1920 (text printed), modifying transitory law of Oct. 18, 1919, and providing commission to prepare draft of new petroleum law. EGYPT PROPOSAL BY GREAT BRITAIN TO RECONSTITUTE THE MIXED COURTS AND TO Transmittal of draft laws regarding reconstruction of Mixed 216 May 7 (25) 216 Instructions to suggest Judge Crabitès for Court of Appeals as successor to Judge Tuck, resigned. EGYPT PROPOSAL BY GREAT BRITAIN TO RECONSTITUTE THE MIXED COURTS, ETC.-Contd. Date and number Subject Page 1920 May 11 (44) From the Chargé in Egypt (tel.) 216 Foreign Minister's noncommitment regarding judgeship appointment since this and related questions have been transferred to London. May 28 (862) From the Ambassador in Great Britain (tel.) 217 Foreign Minister's statement that appointment inadvisable at present and intimation of difficulty of according U. S. representation as a right. June 3 (887) From the Ambassador in Great Britain (tel.) 217 British suggestion that negotiations regarding judicial re- Inquiry June 11 (637) June 11 (638) To the Ambassador in Great Britain (tel.) 218 Decision to delay appointment; reservation of rights in that respect and regarding reorganization of Mixed Courts. To the Ambassador in Great Britain (tel.) 218 Approval of conducting in London negotiations regarding judicial reforms in Egypt. June 30 (1005) From the Ambassador in Great Britain (tel.) 218 July 19 (3171) British proposals (text printed) regarding projected British Explanations regarding measures contemplated in draft law, 220 Aug. 18 (3304) From the Chargé in Great Britain 222 British note (text printed) in further exposition of proposed measures of reform in judicial system of Egypt. Aug. 27 (551) From the British Embassy 225 Assertion that agreement being negotiated between Great Britain and Egypt will not interfere with modification of capitulations and abolition of consular courts. Oct. 14 (3585) From the Chargé in Great Britain 226 British note (text printed) stating that status quo will continue in Egypt for 6 months and requesting that successor to Judge Tuck be named. Nov. 23 (1038) To the Ambassador in Great Britain 227 Inquiry regarding acceptability of appointment of Judge Crabitès; information that Department's views on judicial reform will be sent after due consideration. |