Press Release Issued by the Department of State, July 10, 1947
The Government of Haiti, acting under the provisions of the Executive Agreement of September 13, 1941, entered into between the Governments of Haiti and the United States, has requested the acquiescence of this Government to the flotation of an internal loan in Haiti of $10,000,000. The acquiescence of this Government was given in an exchange of notes signed at Port-au-Prince on July 4, 1947.
Article VII of the Executive Agreement of 1941 provides that until the amortization of the whole amount of the bonds of the external debt of 1922 and 1923 of the Government of Haiti shall have been completed, the public debt of the Republic of Haiti shall not be increased except by previous agreement between the two governments. The Government of Haiti, in requesting such an acquiescence at this time, stated that the proceeds of the internal loan would be used in part for amortization of the 1922 and 1923 bond issues.
The translation of the note from the Haitian Government and the text of the reply of the American Ambassador at Port-au-Prince are as follows:
[Here follow the two notes, constituting agreement between the United States and Haiti respecting Haitian finances, printed in Department of State, Treaties and Other International Acts Series (TIAS) No. 1643, and in 61 Stat. (pt. 3) 3097.]