Papers Relating to the Foreign Relations of the United States, With the Annual Message of the President Transmitted to Congress December 3, 1912

File No. 882.51/417.

The Acting Secretary of State to the American Minister.

[Telegram.]

Department of State,
Washington, July 19, 1912.

Your July 16. Inform Clark that interest on old loans will continue to run until date of eventual adjustment, but that bankers are obligated to pay at time of purchase of new bonds accrued interest thereon from July 1, 1912. If Liberian Government places sums due by new loan agreement to Clark’s credit, no other payment of interest will be necessary. Reservations under Erlanger agreement can not be discontinued until that agreement is cancelled. When this is done by conversion or payment of Erlanger bonds, the sums reserved will not be paid as interest, but will revert to Liberian Government.

Adee.