Office of the Historian

868.51 War Credits/678

The Acting Secretary of State to the Greek Minister (Simopoulos)

Washington, November 8, 1934.

Sir: I am requested by the Secretary of the Treasury to transmit to you the attached statement showing the amounts due and payable on November 10, 1932, May 10, 1933, November 10, 1933, May 10, 1934, and November 10, 1934, from the Government of Greece pursuant to the terms of Part II of the Debt Agreement of May 10, 1929, and the Moratorium Agreement of May 24, 1932.

Accept [etc.]

William Phillips
[Enclosure]

Statement of Amounts Due From the Government of Greece November 10, 1932; May 10, 1933; November 10, 1933; May 10, 1934; and November 10. 1934

Amount due Nov. 10, 1932:

Principal of Bond No. 7 $227,000.00
Semiannual interest due on Bonds Nos. 7 to 40 217,920.00
Total due Nov. 10, 1932 $444,920.00
Less 30% of the semiannual interest received Jan. 7, 1933 65,376.00
Net amount due Nov. 10, 1932 $379,544.00

Amount due May 10, 1933:

Principal of Bond No. 8 $231,000.00
Semiannual interest due on Bonds Nos. 7 to 40 217,920.00
Total due May 10, 1933 $448,920.00
Less 27½% of the semiannual interest received July 6, 1934 59,928.00
Net amount due May 10, 1933 388,992.00
[Page 545]

Amount due Nov. 10, 1933:

Principal of Bond No. 9 $236,000.00
Semiannual interest due on Bonds Nos. 7 to 40 217,920.00
Semiannual installment due Nov. 10, 1933 under paragraph I (b) of the Moratorium Agreement of May 24, 1932, as authorized by the Joint Resolution of the Congress of the United States, approved December 23, 1931 53,967.93
Total due November 10, 1933 $507,887.93
Less 27½% of the semiannual interest received July 6, 1934 59,938.00
Net amount due November 10, 1933 $447,959.93

Amount due May 10, 1934:

Principal of Bond No. 10 $240,000.00
Semiannual interest due on Bonds Nos. 7 to 40 217,920.00
Semiannual installment due May 10, 1934 under Moratorium Agreement May 24, 1932 53,967.93
Total due May 10, 1934 511,887.93
Less 35% of the semiannual interest received July 6, 1934 76,272.00
Net amount due May 10, 1934 435,615.93

Amount due November 10, 1934:

Principal of Bond No. 11 $245,000.00
Semiannual interest due on Bonds Nos. 7 to 40 217,920.00
Semiannual installment due Nov. 10, 1934 under Moratorium Agreement May 24, 1932 53,967.93
Total due November 10, 1934 516,887.93