838.51/3533: Telegram

The Minister in Haiti (Mayer) to the Secretary of State

11. Referring to Department’s instruction No. 9, December 30, de la Rue requests following be transmitted:

“Whatever amounts are not required for interest on outstanding bonds automatically increases the amount available for sinking fund. Consequently from the contractual monthly payments it is extremely difficult to determine in advance a percentum of the amounts required for sinking fund. Therefore, we suggest that the third from the last line of article I of the proposed accord be changed by striking out ‘percentum’ and in place thereof we be authorized to insert ‘and blank dollars on account’.”