838.51/1908
The Secretary of State to the French Chargé (Sartiges)
Sir: I have the honor to acknowledge the receipt of your note of June 28, 1926, with further reference to the desire of your Government that the United States make representations to the Government of Haiti with a view to inducing the latter to agree to submit to arbitration the question whether the Haitian five per cent loan of 1910 is payable in gold francs or in francs of current circulation.
The Department has given careful consideration to the further arguments submitted by you in support of your Government’s contention that the Bank of the Parisian Union has the right under the loan contract to demand arbitration of the question at issue. I regret to say that the Government of the United States must adhere to the decision communicated to you in the Department’s note of March 26, to the effect that it cannot properly advise the Government of Haiti that it should agree to submit to arbitration the pending difference of opinion between it and the Bank of the Parisian Union as to whether the 1910 loan is payable in francs of current circulation or in francs valued on a gold basis.
Accept [etc.]