838.51/1394

The Secretary of State to the Financial Adviser to the Government of Haiti (McIlhenny), temporarily in the United States

Sir: I have received your letter of October 7, 1922, submitting a copy of the contract between the Republic of Haiti on the one hand, and the National City Company of New York and the National City Bank of New York on the other hand, providing for the purchase by the National City Company of $16,000,000 of thirty year six per cent. Gold Bonds of the Republic of Haiti, and providing for the appointment of the National City Bank of New York as the Fiscal Agent for the service of the loan.

In reply I take pleasure in informing you that this contract has been duly examined by the Department of State and that no objection is perceived to the provisions thereof. I desire also to inform you that the President of the United States, in accordance with Article VIII of the Treaty of September 16, 1915, has given his agreement to the issue by the Government of Haiti of $16,000,000 thirty year six per cent. Gold Bonds of Series A of the loan provided for by the Protocol of October 3, 1919, between the United States and Haiti.

I am [etc.]

Charles E. Hughes