800.51W89 Belgium/229

The Acting Secretary of State to the Belgian Ambassador (May)

Excellency: The Government of the United States acknowledges receipt of the note of the Belgian Government setting forth its attitude concerning the debt obligation due on June 15th to this Government. It notes that the Belgian Government has failed to meet in whole or in part the installment due on existing debt agreement between the Belgian Government and the Government of the United States.

The Government of the United States must, in all frankness, call attention to the problems raised by the failure of the Belgian Government to meet the payment due on December 15th, 1932 which have not yet been solved or even discussed between the two nations.

The Government of the United States notes further that the failure to pay this installment is based by the Belgian Government upon the principle of inability to pay.

Accept [etc.]

William Phillips