800.51W89 Hungary/94
The Hungarian Chargé (De Végh) to the Acting Secretary of State
Sir: With reference to your note of November 28, 1933, I have the honor to inform you that I have been instructed by my Government to advise the Government of the United States that owing to continued unfavorable economic conditions, the Hungarian Government regrets exceedingly its inability to pay the amount due on December 15th. However, on that date my Government will deposit to the Foreign Creditors’ Account at the Hungarian National Bank a Hungarian Treasury Certificate in the pengö equivalent of the dollar amount due bearing interest at the rate of two per centum per annum.
I wish to add that my Government’s figures show the amount due on December 15th to be $114,260.09.
Accept [etc.]