Foreign Relations of the United States, Diplomatic Papers, 1933, General, Volume I

800.51W89 Hungary/92

The Acting Secretary of State to the Hungarian Chargé (De Végh)

Washington, November 28, 1933.

Sir: I am requested by the Acting Secretary of the Treasury to transmit to you a statement of the amount due from your Government December 15, 1933, under the provisions of the debt agreement of April 25, 1924, and the moratorium agreement of May 27, 1932,¹¹ including the amounts due on December 15, 1932, and June 15, 1933, which were not paid, and the interest accrued on the principal amounts due and unpaid, and to request that payment of the amount due be made either at the Treasury in Washington or at the Federal Reserve Bank of New York.

While the debt agreement requires thirty days’ advance notice in case your Government desires to make payment in obligations of the United States issued since April 6, 1917, the Acting Secretary of the Treasury states that he will be glad to waive the requirement if your Government wishes to pay in that maner. The annuities due under the moratorium agreement may not be paid with obligations of the United States.

Following is the Treasury’s statement of the amount due:

Principal and Interest Due From the Government of Hungary, December 15, 1933

Amounts due prior to December 15, 1933, but not paid				$68,989.42
Amounts due December 15, 1933:
	Under debt funding agreement of April 25, 1924:
		Annual installment of principal	$12,785.00
		Semi-annual interest	$28,260.08
	Semi-annual installment due under moratorium agreement of May 27, 1932.		$4,225.58
	Interest accrued to December 15, 1933, on principal payments due and not		$368.56
				$45,639.22
		Total amount due and payable December 15, 1933		$114,628.64

Accept [etc.]

William Phillips

11. Annual Report of the Secretary of the Treasury, 1932, p. 294.