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United States Department of State / Papers relating to the foreign relations of the United States, 1919

Nicaragua,   pp. 659-677 PDF (5.8 MB)

Page 661

had undertaken to pay this amount with interest, which would bring
the total of the claim to about £25,500.0.0.
His Majesty's Minister at Guatamala reports that he is informed
by a member of the Claims Commission now sitting7 that 29000.0.0.
in cash can be offered in payment of these claims. Of the items
under consideration the claim for £10,000.0.0. on behalf of the Lon-
don Bank of Central America had been reduced to £1000.0.0., thus
leaving £8000.0.0. for the settlement of the remaining claim
amounting to £9800.0.0.
The British Government cannot but consider that the reduction
of the Bank claim to £1000.0.0. is excessive. In the circumstances
they will be willing to agree to accept 28000.0.0. in cash as a settle-
ment of the remaining claims, and it is suggested that a settlement
might be made on this basis, the Bank being left to bring its claims
before the Commission itself. The Commission having by their
award admitted the justice of the claims other than that of the Bank,
the British Government consider that there could be no objection to
these claims being settled, as proposed, by the payment of 28000.0.0.
in cash, the question of the Bank claim being held over for further
consideration by the Commission.
In making this suggestion the British Embassy are instructed to
point out that the British Government have shown their anxiety
to facilitate the settlement of these claims by their recognition of
the Commission. It has always been held that the Legation claim
as a whole was not subject to further revision, and the fact that a
reduction of the claims has been accepted is a further indication of
the desire of the British authorities to consent to a settlement which
would be not unduly onerous to Nicaragua. In the circumstances
they feel that the suggestion indicated above for separating the Bank
and the other claims and settling these latter on the basis proposed
by the Commission, should be acceptable to the United States authori-
ties, and the Embassy have been instructed to enquire whether the
State Department feel able to support this suggestion.
WASHINGTON, January 29, 1918.
The Department of State to the British Embassy
WASHINGTON, March 15, 1918.
Referring to the British Embassy's memorandum No. 142, of
January 29, 1918, wherein are set forth certain points in connection
'See Foreign Relation8, 1917, p. 1119, and 1918, pp. 823 ff.

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