File No. 817.51/1072
[Inclosure—Translation]
[Untitled]
Managua,
November 23, 1917.
The President of the Republic, to his people, Know ye: That the
Congress has enacted the following: Decree No. 18.
The Senate and the Chamber of Deputies of the Republic of Nicaragua,
Decree:
Article 1. The contracts are approved which, by virtue of the
authority given by the Congress, in Decree of August 31 of this
year, the Executive Power celebrated through the Financial Agent,
Don Ramón Enríquez, on the date of October 20 of this year, with
Brown Brothers & Company and J. & W. Seligman & Company
and United States Mortgage and Trust Company on the Treasury bills;
with the National Bank of Nicaragua on the payment of interest which
is due it; with Brown Brothers and Company with reference to that
which is due on the Emery claim; with the Corporation of Foreign
Bondholders on the settlement of that which is due on the bonds
issued in conformity with the contract of May 25, 1912 (May
twenty-five, nineteen hundred and twelve). Likewise is approved the
financial plan, which appears as an annex of the contracts referred
to.
Article 2. The 2d “whereas” which precedes the contract with the
Corporation of Foreign Bondholders of 1909 is modified in the
following manner:
There are eliminated the words “one-fifth of the interest represented
by the coupon which came due on January 1, 1915, and the whole
of”;
For the words “existe vencida e insoluta” are substituted the
following: “existen vencidos e insolutos”;
For the words “to said date” are substituted the following: “to
January 1, 1915.”
Done in the Hall of Sessions of the Senate Chamber. Managua, November
13, 1917. Sebastián Uriza, S. P., M. Caldera Miranda, S. V. S., Juan
J. Ruiz, S. S. To the Executive Power. Chamber of Deputies. Managua,
November 14, 1917. Salvador Chamorro, D. P. César Pasos, D. S.
Fernando Ig. Martínez, D. S.
Therefore: let it be executed. President’s House. Managua, November
14, 1917. Emiliano Chamorro. The Minister of Finance, Octaviano
César.
