637.0023/73: Telegram

The Chargé in Cuba (Howell) to the Secretary of State

96. Colonel Tarafa today delivered consolidation bill as accepted by leaders in Congress. Bill apparently carries out articles of agreement with sugar companies, monopolistic features seemingly removed as well as providing for non-par value shares of holding company. Tarafa states President Zayas consented to Senate consideration of the bill probably beginning Tuesday 18th, and indicated he would sign law if passed although he objects to importation features insisted upon by the sugar companies.

Howell