Page:United States Statutes at Large Volume 52.djvu/1525

 52 STAT.] NICARAGUA-RECIPROCAL TRADE--FEB. 8, 1938 The American Minister (Long) to the NicaraguanMinisterfor Foreign Affairs (Reyes) No. 235. LEGATION OF THE UNITED STATES OF AMERICA, Managua,D. N., Nicaragua, February8, 1938. EXCELLENCY: Reference is made to recent conversations which have taken place with regard to the desire of the Government of Nicaragua, in view of the emergency financial conditions with which it finds itself confronted, that the Agreement between the United States of America and the Republic of Nicaragua signed at Managua on March 11, 1936, be modified in certain respects. I have now the honor to confirm and make of record by this note the agreement which as a result of the conversations referred to has been reached between the Government of the United States and the Government of Nicaragua that the provisions of Article I, the First Paragraph of Article Two, Article Three (except insofar as it relates to Note One to Schedule I appended to the Agreement) and Article Five of the Agreement of March 11, 1936, shall cease to have force and effect on and after March 10, 1938. The Government of the United States has noted that, while the conversion rate between the paper cordoba and gold cordoba will be increased for customs collection purposes, the Government of Nica- ragua does not contemplate an increase in the basic rates of duty now specified in Schedule I of the Trade Agreement. The Government of the United States has noted with pleasure the willingness of the Government of Nicaragua to enter into negotiations, at the earliest practicable date, for the renewal or replacement of the provisions of the above-mentioned articles of the Trade Agreement of March 11, 1936. I avail myself of this opportunity to renew to Your Excellency the assurances of my highest esteem and most distinguished consideration. BOAZ LONG. His Excellency Doctor MANUEL CORDERO REYES, Ministerfor ForeignAffairs, Managua, D. N. 36525 ° -3 8- -94 1489

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