800.51 W 89/—

The Secretary of the World War Foreign Debt Commission ( Wadsworth ) to the Secretary of State

My Dear Mr. Secretary: I beg to quote below a resolution passed at its meeting to-day by the World War Foreign Debt Commission as follows:

Resolved, That the Secretary of State be requested to inform each of the Governments whose obligations, arising out of the World War, are held by the United States, including obligations held by the United States Grain Corporation, the War Department, the Navy Department, or the American Relief Administration, of the organization of the World War Foreign Debt Commission pursuant to the Act of Congress approved February 9, 192216 and that the Commission desires to receive any proposals or representations which the said Government may wish to make for the settlement or refunding of its obligations under the provisions of the Act.”

[Page 398]

I understand that it is the request of the Commission that you should, through the usual diplomatic channels, transmit this resolution, together with a copy of the Funding Bill, to each Government whose indebtedness to the United States may be funded under the authority of the Bill.

A statement is attached hereto giving a list of such Governments, together with their indebtedness, principal as of February 2, 1922 and interest accrued and unpaid up to and including the last interest period, prior to February 2, 1922.

I trust that you will find it convenient to send a copy of the communication sent to each Government for the files of the Commission.

Very truly yours,

Eliot Wadsworth
[Enclosure]

Statement Showing Obligations of Foreign Governments and So-Called Governments Held by the United States (Including Those Held by United States Grain Corporation), Interest Accrued and Unpaid Thereon up to and Including the Last Interest Period, and Interest Heretofore Paid

Country Principal Amount of Obligations Interest accrued and unpaid up to and including the last interest period Total Indebtedness Interest heretofore paid
Armenia $11,959,917.49 $1,177,548.58 $13,137,466.07
Austria 24,055.708.92 1,443,342.54 25,499,051.46
Belgium 377,564,298.77 42,699,698.78 420,263,997.55 $13,704,632.95
Cubaa 8,147,000.00 8,147,000.00 1,656,058.14
Czechoslovakia 91,169,834.29 11,158,765.66 102,328,599.95 304,178.09
Esthonia 13,999,145.60 1,695,002.82 15,694,148.42
Finland 8,281,926.17 723,156.02 9,005,082.19
France 3,358,104,083.20 357,917,937.09 3,716,022,020.29 160,120,962.01
Great Britain 4,166,318,358.44 509,173,742.89 4,675,492,101.33 247,844,685.50
Greecea 15,000,000.00 15,000,000.00 1,159,153.34
Hungary 1,685,835.61 151,725.21 1,837,560.82
Italy 1,648,034,050.90 202,279,732.07 1,850,313,782.97 57,598,852.62
Latvia 5,132,287.14 449,009.25 5,581,296.39 126,266.19
Liberia 26,000.00 2,218.85 28,218.85 861.10
Lithuania 4,981,628.03 498,162.80 5,479,790.83
Nicaraguab 170,585.35 170,585.35
Poland 135,620,583.98 12,692,474.29 148,313,058.27 1,290,620.78
Roumania 36,128,494.94 4,380,746.47 40,509,241.41 263,313.74
Russia 192,601,297.37 30,558,954.64 223,160,252.01 5,107,535.68
Serbia 51,153,160.21 6,057,626.80 57,210,787.01 636,059.14
Total $10,150,134,196.41 $1,183,059,844.76 $11,333,194,041.17 $489,813,179.28
  1. 42 Stat. 363.
  2. Cuba and Greece pay interest as it becomes due.
  3. Cuba and Greece pay interest as it becomes due.
  4. No interest due on Nicaraguan notes until maturity.