Foreign Relations of the United States, Diplomatic Papers, 1933, The American Republics, Volume V

837.51/1548: Telegram

The Ambassador in Cuba (Guggenheim) to the Secretary of State

Habana, March 24, 1933—noon.
[Received 2:10 p.m.]

22. A decree⁵ published in Official Gazette of March 15th provides for issuance of deferred payment certificates in amount of about $2,000,000 to Cuban contracting firm which has a concession for construction and operation of port works at Cardenas. Certificates to be issued immediately for $490,000 in payment of work already accomplished and the balance to be issued in installments as work is accepted. Interest is to be at the rate of 6% and certificates to be secured by a second lien on ports improvement taxes.

I have addressed a letter to the President stating I assume certificates will not be issued unless my Government has been apprised of the pertinent facts upon which it can reach a decision as to whether or not it should interpose objections under article II of the Permanent Treaty. Reference my despatch numbers 776 of July 10, 1931,⁶ and 1492 of January 16, 1933.⁷

Guggenheim

5. Dated March 13, 1933.
6. Ante, p. 549.
7. Not printed; but see telegrams Nos. 4 and 6, January 12 and 16, from the Ambassador in Cuba, pp. 563 and 564.