58 STAT.] PANAMA-INTER -AMERICAN HIGHWAY-MAR . 23 , 1940
1599
Agreement between the United States of America andPanamarespect- March 23, 1940
ing the Inter-American Highway between Chorreraand Rio Hato. [E. A . S. 449]
Effected by exchange of notes signed at Washington March 23, 1940.
'he Secretary of State to the PanamanianAmbassador
DEPARTMENT OF STATE
WASHINGTON
March 23,1940
EXCELLENCY:
I have the honor to invite Your Excellency's attention to the act
approved July 20, 1939 (Public No. 200, 76th Congress, Chapter 335, 53 Stat. 1071.
First Session) authorizing an appropriation of not to exceed $1,500,-
000 "to meet such expenses as the President (of the United States),
in his discretion, may deem necessary to enable the United States to
cooperate with the Republic of Panama in connection with the con-
struction of a highway between Chorrera and Rio Hato in the Republic
of Panama".
The act provided that "the expenditure of such sum
shall be subject to the receipt of assurances satisfactory to the Presi-
dent (of the United States) from the Government of the Republic of
Panama of its cooperation in such construction."
In accordance with the provisions of the aforesaid act of Congress,
conversations have been held with Your Excellency with a view to
arriving at a mutually acceptable agreement as to the manner in which
our two Governments may best cooperate in this work. As a result of
these conversations, it is my understanding that agreelment Ihas been
reached between our two Governments in the form set forth in the
enclosed memorandum.
Upon the receipt of a note from Your Excellency confirming my
understanding that the Government of Panama is agreeable to the
basis of cooperation set forth in the enclosed memorandum, the Gov-
ernment of the United States is prepared to take the necessary steps
to render effective its desire to assist in this enterprise.
Accept, Excellency, the renewed assurances of my highest consid-
eration.
CoRDELL HULL
Enclosure:
Memorandum dated March 23, 1940.
His Excellency
Seiior Dr. Don JoRGE E. BoYD,
Ambassador of Panama.
�
