838.51/4154: Telegram

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

39. Your 22, February 10 and telephone conversation with Finley, February 11. The Department has been informed by the President of the Foreign Bondholders Protective Council of its acceptance of a postponement of the payment of one-third of the interest due on the April and October 1941 coupons.

Upon receipt from the Haitian Government of a note which satisfactorily covers the points specified in the Department’s 35, February 8, 3 p.m., you are authorized to enter into the following supplementary executive agreement.

“The undersigned plenipotentiaries, duly authorized by their respective Governments, have agreed upon the following Executive Agreement supplementary to the Agreement Between the United States of America and the Republic of Haiti, signed at Port-au-Prince on August 7, 1933.

Article 1

On and after February 1, 1941 and until and including September 30, 1941, all monies received by or for the Haitian Government shall be deposited in the National Bank of the Republic of Haiti to the credit of the Haitian Government with the exception of the following sums which will be deposited to the credit of the Fiscal Representative: 1. the five per centum of customs revenues foreseen in Article IX of the Accord of August 7, 1933, and 2. the amounts needed to pay [Page 331] two-thirds of the sums due and payable on the coupons maturing April 1, 1941 and October 1, 1941 on all outstanding bonds issued under the Loan Contracts of October 6, 1922 and May 26, 1925, which amounts shall be credited to the fiscal representative.”

Inform Department by telegram when Accord has been signed.