The Chargé in Haiti (Sparks) to the Secretary of State
[Received 3:55 p.m.]
20. In the absence of President Vincent I informed the Minister for Foreign Affairs of the substance of the Department’s telegram No. 28, February 1, 4 p.m. and left with him a memorandum (see my despatch No. 1240, February 417).
The Minister for Foreign Affairs visited President Vincent and after a full discussion of the Department’s views he has just informed me that in view of present adverse economic and fiscal conditions [Page 329] the Haitian Government finds itself obliged to avail itself of the postponement of 2 percent of the interest on the coupons payable April 1 and October 1 which has been accepted by the Foreign Bondholders’ Protective Council. Therefore the Haitian Government desires to conclude a supplementary executive agreement to that effect. Subsequent to the conclusion of this agreement it plans to carry on negotiations with the Council for a definitive reduction in the interest rate.
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