800.51W89 Finland/70
The Acting Secretary of State to the Finnish Minister (Aström)
Sir: I have the honor to acknowledge the receipt of your note of December 2, 1933,67 regarding the possibility of making the payment due December 15 in obligations of the United States Government, and to make the following reply on the basis of a communication previously received from the Secretary of the Treasury:
The sums due and payable by the Government of Finland December 15, 1933, comprise $62,000 principal and $148,592.50 interest under the debt funding agreement of May 1, 1923, and $19,030.50 semiannual instalment under the debt postponement agreement of May 23, 1932 (the Hoover moratorium agreement).68 While the agreement of May 1, 1923, requires thirty days’ advance notice in case the Government of Finland desires to make payment in obligations of the United States issued since April 6, 1917, the Secretary of the Treasury will be glad to waive the requirement if your Government wishes to pay in that manner. Paragraph 2 of the moratorium agreement of May 23, 1932, provides that the option of Finland to pay in obligations of the United States shall not apply to annuities payable under that agreement.
Accept [etc.]