DEPARTMENT OF STATE
FOR THE PRESS     \\ ( f   f JUNE 13, 194p
No. 290
TEXT OF A NOTE DATED JUNE 7, 1940 FROM THE
BRITISH AMBASSADOR, TO THE SECRETARY OF STATE,
IN REPLY TO A NOTE FROM THE SECRETARY OF STATE,
DATED JUNE 1, 1940.
BRITISH EMBASSY
Washington, D. C,
June 7th, 1940
The Honourable
Cordell Hull,
Secretary of State of the United States,
Washington, D. C.
Sir,
•In accordance with instructions from His Majesty's
Principal Secretary of State for Foreign Affairs, I have the
honour to acknowledge the receipt of your note of the 1st
June enclosing a statement of the amounts due from His
Majesty's Government in the United Kingdom under the pro-
visions of the Debt Agreement of the 19th June, 1923, and
the Moratorium Agreement of the 4th June, 1932.
I am directed to express the appreciation of His Majesty's
Government of the assurance that the Government of the United
States is fully disposed to discuss any proposals which Kis
Majesty's Government may desire to put forward in regard to
the payment of this indebtedness; and in return I am to assure
you that His Majesty's Government will be willing to reopen
discussions on the subject whenever circumstances arc such as
to v/arrant the hope that a satisfactory result might be
reached.
. I have the honour to be,
with the highest consideration,
Sir,
Your most obedient,
humble servant,
LOTHIAN
TEXT OF NOTE,  DATED JUNE 1, 1940,  FROM THE SECRETARY
OF STATE TO THE BRITISH AMBASSADOR
Department of State
Washington, D. C.
June 1, 1940
His Excellency
The Right Honorable the Marquess of Lothian,  C.H.,
British Ambassador.
Excellency:
I am requested by the Secretary of the Treasury %o
transmit to you the attached statement showing the amounts
due
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due and payable on June 15, 1933 to December 15, 1939,
inclusive, and June 15, 1940 from your Government pursuant
to the terms of the Debt Agreement of June 19, 1923 and
the Moratorium Agreement of June 4, 1932.
In presenting this notice of amounts due under the
agreements signed by the British Government, I take the
occasion to reiterate that this Government is fully dis-
posed to discuss, through diplomatic channels, any proposals
which your Government may desire to put forward in regard
to the payment of this indebtedness, and to assure you
that such proposals would receive careful consideration
with a view to eventual submission to the American Congress,
Accept, Excellency, the renewed assurances of my
highest consideration.
CORDELL HULL
Enclosure:
Statement.
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STATEliENT OF AMOUNTS DUE FROM THE GOVERNMENT OF
GREAT BRITAIN FROM JUNE 15, 1933
TO DECEMBER 15.  1939.  INCLUSIVE. AND JUKE 15. 1940
Annuity under
Moratorium
Agreement .
Principal
Interest
Total of amounts due
from June 15, 1933, to
December 15, 1939, inclusive     $239.000.000.00   $1,045.799.481.5& j>126.369.94-5.65
Amount due June 15. 1940:
Semiannual interest due June 15, 1940,
11th - $32,000,000 - 12/15/33
12th - 32,000,000 - 12/15/34
13th - 32,000,000 - 12/15/35
14th - 32,000,000 - 12/15/36
15th - 37,000,000 - 12/15/37
16th - 37,000,000 - 12/15/38
17th - 37.000.000 - 12/15/39
on 18th to 62nd installments
$71,767,500.00
Interest accrued from December 15, 1939,
to June 15, 1940, on principal install-
ments which matured as follows:
$239,000,000
4,182,500.00
Fourteenth semiannual installment of the
annuity due June 15, 1940, on account
of the moratorium agreement of June 4, 1932
9.720.765.05
Amount due
$85,670,765.05
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