838.516/197: Telegram

The High Commissioner in Haiti (Russell) to the Secretary of State

66. Department’s 39 May 12, 2 p.m.81 President, Haiti, today informed me that regarding bank-transfer contract, he desired to eliminate [sic] the Government from clause establishing reserve against deposits. He indicated that his Government demanded that 100 per cent of Government deposits be maintained by bank.

President also stated that the Haitian Government must have right in accord with Financial Adviser to verify accounts of bank. Also eliminated word “expert” from phrase “expert accountants”. At my request President added “or Receiver General” to clause relating to verifications of bank. Contract has been rephrased and improved in language and articles placed in logical sequence making more concise and clear.

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My opinion that changes made by Haitian Government should be accepted.

  1. Not printed; see instruction no. 8 of May 12, supra.