Memorandum by the Chief of the Division of Latin American Affairs (Wilson)

Mr. W. W. Lancaster, representing the National City Bank of New York, came in and handed me the attached copies of correspondence59—a letter from President Vincent dated November 23, 1933, to the National City Bank acknowledging the Bank’s letter of November 8, 1933, offering to sell the Banque Nationale de la République d’Haiti to the Haitian Government, in which President Vincent expresses thanks for the offer and asks for a period of one year for its consideration; and a letter from the National City Bank to President Vincent dated December 29, 1933, extending the offer to sell the Banque Nationale until December 1, 1934, subject to the withdrawal of this option on ninety days notice.

Mr. Lancaster said that the Bank had recently received a request from the Haitian Government to explore the possibilities of a refunding [Page 344] operation to retire the outstanding bonds. Mr. Lancaster said that the Bank had “circularized” this request but had not yet received any replies. He said, in effect: “I do not think there is much likelihood of doing anything under present conditions.”

Edwin C. Wilson
  1. None printed.