822.51 Et 3/5: Telegram

The Consul General at London (Skinner) to the Secretary of State

Counselor of the Department [Corporation of] Foreign Bondholders confirms to me that Ecuador Congress has approved two loan agreements with Ethelburga Syndicate, one a Government loan of $15,500,000 at 7½ percent and a conversion loan of $2,750,000 at 5 percent, both guaranteed by first mortgage on customs.