Papers Relating to the Foreign Relations of the United States, 1920, Volume II

838.51/997: Telegram

The Minister in Haiti (Bailly-Blanchard) to the Secretary of State

Port au Prince, October 16, 1920—10 a.m.
[Received 10:55 p.m.]

78. Department’s 341, of September 9, 1920. Financial Adviser concurs in plan outlined by Department but suggests $175,000 be set aside monthly instead of $200,000 and applied as follows by Receiver General: Interest and amortization foreign debt, $136,626.74, computed at par; interest on Banque Nationale debt, $8,665.78;⁸⁶ interest guaranty National Railroad, $17,500;⁸⁷ interest guaranty, $3,440, and amortization [of arrears?] of interest guaranty, $2,880, P C S Railroad⁸⁸ [garbled group]. Saving on foreign debt service due to depreciation of franc to be devoted proportionately to retirement Banque Nationale debt and interest guaranty arrears National Railroad. Does Department approve and desire that plan be put in operation at once?

Blanchard

86. Annual interest on Haitian Government’s note for $1,733,154.87 held by the Banque Nationale was $108,989.29.
87. Annual interest guaranty, $248,120.71.
88. Compagnie des Chemins de Fer de la Plaine du Cul-de-Sac; annual interest guaranty, $41,280, and amortization of arrears, $34,560.