102.8951/1408b: Telegram
The Acting Secretary of State to the Ambassador in Ecuador (Scotten)
839. For Lowry from Rubber Development Corporation. Proposed liquidation agreement with Fomento47 appears satisfactory provided we are correct in our understanding that all commercial advances to Fomento have been repaid in full48 and that Paragraph 1 of Liquidation Agreement applies only to nonreimbursable advances, the expended portions of which will be chargeable to Development Fund, and that the unexpended balance will be returned to RDC to again become part of Development Fund. However, formal approval of Liquidation Agreement cannot be given until next meeting of Directors scheduled for November 10th.49 Cable whether our understanding is correct. [Rubber Development Corporation.]
- See telegram No. 915, October 19, noon, from the Ambassador in Ecuador, p. 301.↩
- The Ambassador indicated that this was correct in his telegram No. 973, November 8, 1943 (102.8951/1342).↩
- In telegram No. 852, November 11, 1943, the Department informed the Ambassador that the Directors had approved the agreement (102.8951/1435h).↩