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The Department of State on the American Flotation of Foreign Public Loans

Published online by Cambridge University Press:  04 May 2017

Charles Cheney Hyde
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Abstract

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Type
Editorial Comment
Information
American Journal of International Law , Volume 16 , Issue 2 , April 1922 , pp. 251 - 254
Copyright
Copyright © American Society of International Law 1922

References

1 See Art. X of Bond and Fiscal Trust Agency Agreement between the Republic of Nicaragua and certain bankers, Oct. 5,1920.

2 Such was the attitude of certain American bankers in. 1911, in negotiations with the Republic of Honduras. See in this connection U. S. Foreign Relations, 1912, p. 587.

3 For the text of the agreement, see this Journal(Jan. 1922), Vol. XVI, Official Documents,p. 4. See also Geo. A. Finch, “American Diplomacy and the Financing of China,”id., XVI, 25.

4 It is not suggested that such terms might not, under entirely different circumstances,be justly exacted as a necessary safeguard for the lender and without jeopardizing the validity or ultimate success of the loan.