Treaty Series No. 623–A
Additional Act between the United States and Haiti Extending the Duration of the Treaty of September 16, 1915
Signed at Port-au-Prince, March 28, 1917
The Republic of Haiti having recognized as urgent the necessity of a loan for a term of more than ten years destined for the amelioration of its financial and economic situation, considering from now this necessity as a specific reason susceptible of giving to the Convention of September 16, 1915, a duration of twenty years and desiring in consequence to exercise the right which it holds from Article XVI of this Convention;
And the United States of America, conforming itself to Article first of the said Convention and assuring its good offices for the full accomplishment of its aims and objects,
Have decided to conclude an additional act to this Convention, with a view to facilitating a prompt realization of the loan and to offer to the capitalists the serious guarantee which they claim of an uninterrupted stability indispensable to the development of the wealth of the Republic of Haiti;
And have been appointed as Plenipotentiaries,
- By the President of the United States of America,
Mr. Arthur Bailly-Blanchard, Envoy Extraordinary and Minister Plenipotentiary of the United States of America,
- By the President of the Republic of Haiti,
Mr. Louis Borno, Secretary of State of Foreign Affairs and Public Worship,
Who having exhibited to each other their respective full powers found to be in good and true form, have agreed as follows:
Article 1. The two High Contracting Parties declare to admit the urgent necessity for a loan for a period of more than ten years for the benefit of the Republic of Haiti as one of the specific reasons indicated in Article XVI of the Convention of September 16, 1915, and agree to fix at twenty years the life of the said Convention.
Article 2. The present act shall be approved by the High Contracting Parties in conformity with their respective established procedures and the approvals thereof shall be exchanged in the city of Port-au-Prince as soon as may be possible.