A. M. Elias, Mexican Consul General in Manhattan, announced that "the economic condition of the National Treasury of Mexico" is "very satisfactory" and that the Government proposed to pay $9,000,000 worth of commercial debts before the end of August.

In Mexico City, the Treasury began to pay business houses the debts owing by the Government since the beginning of the de la Huerta revolt in December, 1923 (TIME, Dec. 17, 1923, et seq.).


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