800.51W89 Rumania/195

The Rumanian Minister (Davila) to the Acting Secretary of State

Sir: I have the honor to refer to your communication of November 28 on the subject of the amount due by my Government under the provisions of the debt agreement of December 4, 1925, and the moratorium agreement of June 11, 1932, including the amount due on June 15, 1933, which was not paid.

In so far as the latter amount is concerned, I wish to refer to my note of June 15, 1933, in which I stated the reasons why Roumania was obliged to ask for a postponement of this instalment and to your reply of June 21 acknowledging it.

With regard to the payment of the moratorium instalment,—due January 2, 1934, and not December 15, 1933, as stated in your above-mentioned note,—I considered myself justified in assuming that there would be no objection if the procedure which my Government adopted on the occasion of the last payment made on June 15, 1933, were followed as long as the present provisional situation lasts pending the reexamination of the entire debt problem.

On December 28, 1 was informed by you that the President objected to the application of the same principle to this payment, as it would result in the tender of such a small amount as to invite unfavorable comment.

Under the circumstances, and in order to allow sufficient time to find a solution that would satisfy both the principle adopted at the last payment and the President’s above-mentioned practical objection, I have the honor to suggest that the matter be left open until my report will have reached Bucharest and I shall have received a reply.

Please accept [etc.]

Davila