839.51/4612: Telegram

The Chargé in the Dominican Republic (Hinkle) to the Secretary of State

32. Legation’s 31, June 6, 4 p.m. The Dominican Foreign Minister today stated that the President wished before retiring in August either to modify the convention or failing this to resort to arbitration of the question as to whether paragraph 1 of article 1 and article 3 of the convention are still applicable.

The Minister reiterated the President’s recognition of Dominican obligations to the bondholders and stated that he saw no reason why any points in the proposed law contained in the Dominican note should not be incorporated in a modified convention should this procedure give added protection to the bondholders.

The Minister also said that he hoped to receive from the Legation as soon as possible some general idea of what modification at present would be acceptable to our Government, in order to decide whether he should personally attempt informal conversations in Washington.

Hinkle