Messersmith, G.S., Havana. To Sumner Welles, Washington., 1940 November 20

Enclosing copies of despatches No. 1119 and 1123 in which situation with respect to loan as seen from Cuba is summarized; Department may wish to place copies with other Departments concerned in the matter; has set forth in despatches things U.S. must insist on from Cubans and things U.S. can constructively do; once agreement is reached, announcement should be made simultaneously from Washington and Havana; points covered in desptaches based on assumption that Cuban Treasury reform be carried through immediately and thoroughly; if this is done, should be ample money from present taxes and revenues to meet budgetary expenditures, to promote tourist traffic, make necessary repairs to existing roads, provide food and proper medical attention in existing hospitals, and at same time take care of interest on public debt.