Termination of United States–Dominican Customs Convention of 1940

[On July 18, 1947, President Trujillo proclaimed, unilaterally, the termination of the convention between the United States and the Dominican Republic providing for the assistance of the United States in the collection and application of the customs revenues of the Dominican Republic, signed at Washington, September 24, 1940 (Department of State Treaty Series No. 965, or 55 Stat. (pt. 2) 1104), and declared that conditions set forth in the exchange of notes of September 24, 1940, had been met as regards bona fide claims. On July 21, 1947, a check was delivered to Oliver Newman, Representative of the Holders of Bonds of the Dominican Republic, toward redemption in full of the Dominican bond issues of 1922 and 1926 together with accrued interest (839.51 Bondholders/7–2147). For statement released by the Department of State to the press on August 6, 1947, see Department of State Bulletin, August 17, 1947, page 341.

On August 9, 1951, the Secretary of State and the Dominican Ambassador (Thomen) signed an exchange of notes on behalf of their Governments recognizing the automatic termination of the convention of September 24, 1940, on October 1, 1947 (Department of State, Treaties and Other International Acts Series (TIAS) No. 2365). The 1951 exchange of notes gave recognition to the fact that the Dominican Republic had redeemed in full its external debts of 1922 and 1926 in accordance with the bond contracts and had fully discharged the last financial obligation to the United States assumed under the terms of the 1940 financial convention (411.392/8–951). For statement released to the press on August 9, 1951, see Department of State Bulletin, August 20, 1951, page 299.]