838.51/1440
The Secretary of State to
the Haitian Secretary of State for Foreign Affairs (Dejean), on Special Mission in the United States
Washington, November 24,
1922.
Excellency: I have the honor to acknowledge the
receipt of your letter of November 18, with which you transmitted copies
of correspondence between yourself and National City Company of New York
regarding the recently concluded Haitian loan. I note that you request
the assistance of this Department in adjusting the questions which have
arisen between yourself and the bankers.
I take pleasure in informing you that the Department of State has
addressed a letter to the National City Company and the National City
Bank expressing its opinion regarding the redemption of the bonds of the
Haitian loan of 1910. A copy of this letter is transmitted herewith for
your information.
Accept [etc.]
[Page 521]
[Enclosure]
The Secretary of
State to the National City Company
and the National City Bank
Washington, November 22,
1922.
Gentlemen: The Department has received your
letter of November 22, 1922,69 requesting the opinion of the Department of
State upon the question of the redemption of the bonds of the
Haitian Loan of 1910.
In reply you are informed that it is the view of this Department that
if the Government of Haiti calls the bonds of 1910 for redemption
and tenders payment in French francs now in ordinary use and
circulation, (and not in gold) in the amount of the principal and
interest of such bonds, the lien of these bonds upon the Haitian
customs revenues will be discharged so that the service of the new
bonds of Series A of 1922, will constitute a second charge upon the
customs revenues of Haiti next in order, until the expiration of the
Treaty of September 16, 1915, after payment of salaries, allowances
and expenses of the General Receiver and the Financial Adviser and
their assistants, as provided in the protocol between the United
States and Haiti, in accordance with which the new bonds were
issued.
I am [etc.]
For the Secretary of State:
William Phillips
Under
Secretary
