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Foreign Relations of the United States

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United States Department of State / Papers relating to the foreign relations of the United States, 1919
(1919)

Ecuador,   pp. 171-200 PDF (10.0 MB)


Page 171

ECUADOR
AFFAIRS OF THE GUAYAQUIL & QUITO RAILWAY CO.1
Representations of the United States Regarding Payment of Interest on Bonds;
Assurances and Efforts of the Ecuadoran Government-Acceptance by the
Railway Company of a Reduction of Rates-" Modus Vivendi" between
the
Government and the Railway, Reached April 6-Ecuadoran Proposal for
Arbitration of Differences; Disapproval by the American Minister-Repre-
sentations of the United States against Foreclosure Proceedings by British
Bondholders
422.11G93/999
The Ecuadoran Minister (Elizalde) to the Acting Secretary of State
[Translation]
No. 1                          WASHINGTON, January 9, 1919.
SIR: I have the honor to acknowledge the receipt of your kind note
of December 26 last ,2 which refers to my note of the 12th of the
same month, and says that the Department of State has information
to the effect that of the fourteen thousand (14,000) tons of cocoa
mentioned in that correspondence, 10,875 have been sold, or contracted
for shipment, in accordance with the particulars which you are
pleased to give me.
These particulars are the same as those given me by Mr. E. Hope
Norton, President of the Guayaquil and Quito Railway Company,
and, according to his statement had to do with information procured
by the agent maintained at New York by the Association of Agricul-
turists of Ecuador.
I have received no information on the subject from my government
but have been officially advised that an order has been issued to
place at the disposal of the bond-holders the sum of thirty-five
thousand pounds sterling.
Although only a small part of the fourteen thousand tons con-
templated in the existing contract will be imported into the United
States, and that only after the restriction on cocoa imports shall
have been removed and free importation into this country is allowed,
in consequence of which it will no longer be a special concession to
my government, it has -adhered and does adhere to its promise to pay
the sum of $859,740 out of the proceeds of the sale of those fourteen
thousand tons.
171
1Continued from Foreign Relations, 1918, pp. 401-427.
2Ibid., p. 427.


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