838.51/2431: Telegram

The Minister in Haiti (Munro) to the Secretary of State

47. Department’s telegram No. 21, April 13, 6 p.m. Changes authorized in the Department’s April 4, 6 p.m.,15 were made. Furthermore, the translation on pages 5 and 6 was revised to read as follows:

“Considering, that to remedy the grave economic and financial situation of the country, the Republic of Haiti is faced with the necessity of contracting a loan which will diminish the annual budgetary burden and will facilitate the economic development of the country;

Considering, that the bankers who are prepared to float this loan, which is fixed at $30,000,000, require as a fundamental guarantee that the convention of September 16, 1915, shall remain in force during the period thereof, which will be approximately 20 years;

The Government of Haiti in consideration of this loan and reserving expressly the right to adopt any subsequent decisions with regard to the clauses and the precise conditions offered by the bankers;

Declares that the inevitable necessity of a loan destined to accomplish the purpose of the convention constitutes one of the specific reasons indicated in article 16 of this diplomatic document and that the necessity thereof is to give to the said convention a duration of 20 years.”

  1. Not printed.