411.12/975a
The Secretary of State to the Mexican Ambassador (Téllez)
Excellency: In proceeding to a signature of the convention extending the life of the General Claims Commission, United States and Mexico, I am pleased to state that, appreciating the difficulties now existing in the finances of your government and your hesitation to renew this convention because of the terms of payment set out in Article 9 thereof, and understanding that your Government is taking steps which look to an early general readjustment of the entire financial situation of your Government, including an en bloc settlement of claims covered by the convention, it is understood [Page 456] that the two Governments will consult later, as occasion arises, as to the measures to be taken for the carrying out of the provisions of said Article 9 of the General Claims Convention with reference to the time and method of payments.
Accept [etc.]