838.51/4136: Telegram

The Chargé in Haiti (Sparks) to the Secretary of State

10. For Finley.5 My letter January 24 regarding reduction in interest rate.6

Dana Munro7 expressed to me yesterday the opinion that the fiscal agent would be obliged to pay interest up to 6% on the April 1 coupon if he has sufficient funds for that purpose. In these circumstances and since funds have already been remitted for the payment of 4% interest on the April 1 coupon the conclusion of an accord prior to February 1 would appear to be urgent so that the fiscal representative may legally withhold further remittances to the fiscal agent on account of the April 1 coupon.

  1. Harold D. Finley, Assistant Chief of the Division of the American Republics.
  2. Not printed.
  3. Vice president of the Foreign Bondholders Protective Council.