Mr. Strobel to Mr. Olney.
Santiago, April 25, 1896. (Received June 2.)
Sir: Referring to my No. 47 of October 24 last, with which I forwarded to the Department copy and translation of the convention between France and Chile, I have now the honor to inclose copy and translation of a further agreement between the two Governments terminating the tribunal established by the above convention and providing for the settlement by Chile of all the French claims by the payment of £5,000 (125,000 francs).
The total sum of these claims was 344,041 pesos (18d.) and 324,326 francs, or somewhat over 1,000,000 francs in all.
In securing the settlement on a basis of about 12 per cent of the gross amount the French Government has escaped the expenses of arbitration, and has probably secured a much larger amount than it would have received from the awards of the tribunal.
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I have, etc.,