University of Wisconsin Digital Collections
Link to University of Wisconsin Digital Collections
Link to University of Wisconsin Digital Collections
Foreign Relations of the United States

Page View

United States Department of State / Papers relating to the foreign relations of the United States, 1920
(1920)

Haiti,   pp. 760-853 PDF (33.4 MB)


Page 795

Haitian Government last year and communicated to the American
Legation, which made therein amendments investing the. Financial
Adviser, as is done moreover in all the special laws, with mnore
extensive powers than are conferred upon him by the convention.
C.-Law concerning the ten mnodifications in the contract with the
National Bank of the Republic of Haiti
The Haitian Government is only aware of the modifications
signed ad referendum at Washington on February 6, 1920, by Mr.
Fequiere, Minister of Finance,27 and dealt with in the following
letter from the Secretary of State, Mr. Bainbridge Colby: 28
DEPARTMENT OF STATE
Washingtonv, May 22, 1920.
SIR: I have the honor to acknowledge the receipt of your note of May 4,
1920,' setting forth certain counter proposals to the amendments recommended
by the Department of State in the charter of the National Bank of Haiti in
the event of this bank coming under the control of the National City Bank
of New York.
The amendments proposed by the Department of State were prompted by
the desire to promote the development and interests of Haiti. They have
accordingly been carefully elaborated with the advice of the Financial Ad-
viser to Haiti, and were accepted ad referendum by Mr. Fequiere, Minister
of
Finance, on the occasion of his presence in Washington at the Second Pan-
American Financial Congress. In these circumstances I feel unable to consent
to their modification.
Accept [etc.]                        (Signed) BAINBRIDGE COLBY
D.-Laqw approving the transfer of the National Bank of the Re-
public of Haiti to the new National Bank of the Republic of
Haiti, a Haitian corporation
The Department of Finance in behalf of the Haitian Government
has constantly said and written to the Financial Adviser that it was
ready to adhere to the transfer of the National Bank of the Republic
of Haiti, a French corporation, to the National Bank of the Repub-
lic of Haiti, a Haitian corporation.
So great is the Government's desire to see that transfer carried
out, that when on August 2, 1920, the Financial Adviser wrote to
the Secretary of Finance "to announce that he had been informed
by his Government that taking into account the constant delays in
obtaining the consent of the Haitian Government to the transfer to
the new bank, of the concession contract amended in accordance with
the agreement between the Government of the United States of
America and the National City Bank, the Government of the United
States of America had consented to let the operations of the Na-
tional Bank of the Republic, of Haiti continue indefinitely under the
now existing French contract without amendment ", the Secretary of
State for Finance informed the Financial Adviser on August 3, that
while taking note of the foregoing communication, he informed him
that " the Government is still ready to give its assent to the transfer
of the National Bank of the Republic of Haiti to the National City
Bank; to the, incorporation of the latter under the Haitian law; and
to the modifications in nine articles to be introduced in the contract of
27Post, p. 816.
28 The letter was addressed to the Haitian Charg6.
29 Not printed.
126794 vol. II-36  56
795
HAITI


Go up to Top of Page