839.51/4013

The Acting Secretary of State to the Dominican Minister (Despradel)

Sir: The receipt is acknowledged of your note of November 13, 1933, in which you set forth reasons that have prompted your Government in extending the life Emergency Law No. 206 of October 23, 1931, from and after December 31, 1933.

I beg to remind you that this Department has no authority to vary or sanction the variation of the terms of the Convention which provides for the service of the external debt of your Government. The Department understands that your Government expects to take up with the Central Bondholders Committee now in process of organization the matter of working out with the bondholders an arrangement with respect to amortization of the bonds that will be mutually satisfactory and that not more than six months will be necessary for this purpose.

Accept [etc.]

William Phillips