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DEBT FUNDING

Agreement signed at Washington June 11, 1932, modifying agreement

of October 28, 1925 Operative from July 1, 1931

Treasury Department print

AGREEMENT, Made the 11th day of June, 1932, at the City of Washington, District of Columbia, between the GOVERNMENT OF THE Republic of ESTONIA, hereinafter called ESTONIA, party of the first part, and the GOVERNMENT OF THE UNITED STATES OF AMERICA, hereinafter called the UNITED STATES, party of the second part.

WHEREAS, under the terms of the debt funding agreement between Estonia and the United States, dated October 28, 1925,1 there is payable by Estonia to the United States during the fiscal year beginning July 1, 1931 and ending June 30, 1932, in respect of the bonded indebtedness of Estonia to the United States, the aggregate amount of $600,373.06, including principal and interest; and

WHEREAS, a Joint Resolution of the Congress of the United States, approved December 23, 1931,2 authorizes the Secretary of the Treasury, with the approval of the President, to make on behalf of the United States an agreement with Estonia on the terms hereinafter set forth, to postpone the payment of the amount payable by Estonia to the United States during such year in respect of its bonded indebtedness to the United States; and

WHEREAS, Estonia hereby gives assurance to the satisfaction of the President of the United States, of the willingness and readiness of Estonia to make with the Government of each country indebted to Estonia in respect of war, relief, or reparation debts, an agreement in respect of the payment of the amount or amounts payable to Estonia with respect to such debt or debts during such fiscal year, substantially similar to this Agreement authorized by the Joint Resolution above mentioned;

1 Ante, p. 613.

2 47 Stat. 3.

Now, THEREFORE, in consideration of the premises and of the mutual covenants herein contained, it is agreed as follows:

1. Payment of the amount of $600,373.06, payable by Estonia to the United States during the fiscal year beginning July 1, 1931 and ending June 30, 1932, in respect of the bonded indebtedness of Estonia to the United States, according to the terms of the agreement of October 28, 1925, above mentioned, is hereby postponed so that such amount, together with interest thereon at the rate of 4 per centum per annum from July 1, 1933, shall be paid by Estonia to the United States in ten equal annuities of $73,170.58 each, payable in equal semiannual installments on December 15 and June 15 of each fiscal year beginning with the fiscal year beginning July 1, 1933 and ending June 30, 1934, and concluding with the fiscal year beginning July 1, 1942 and ending June 30, 1943. The bond numbered 9, dated December 15, 1922, in the principal amount of $88,000, and bond numbered 1A, dated December 15, 1930, in the principal amount of $20,012.87, both matured December 15, 1931, delivered by Estonia to the United States under the agreement of October 28, 1925, shall be retained by the United States until the annuities due under this Agreement shall have been paid.

2. Except so far as otherwise expressly provided in this Agreement, payments of annuities under this Agreement shall be subject to the same terms and conditions as payments under the agreement of October 28, 1925, above mentioned. The proviso in paragraph 2 of such agreement, authorizing the postponement of payments on account of principal, and the option of Estonia provided for in paragraph 5, to pay in obligations of the United States, shall not apply to annuities payable under this Agreement.

3. The agreement of October 28, 1925, between Estonia and the United States, above mentioned, shall remain in all respects in full force and effect except so far as expressly modified by this Agreement.

4. Estonia and the United States, each for itself, represents and agrees that the execution and delivery of this Agreement have in all respects been duly authorized and that all acts, conditions, and legal formalities which should have been completed prior to the making of this Agreement have been completed as required by the laws of Estonia and the United States, respectively, and in conformity therewith.

5. This Agreement shall be executed in two counterparts, each of which shall have the force and effect of an original.

IN WITNESS WHEREOF, Estonia has caused this Agreement to be executed on its behalf by its Vice Consul at New York, thereunto duly authorized, and the United States has likewise caused this Agreement to be executed on its

behalf by the Acting Secretary of the Treasury, with the approval of the President, pursuant to a Joint Resolution of Congress approved December 23, 1931, all on the day and year first above written.

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EXTRADITION

Treaty signed at Washington October 10, 1934, supplementing treaty

of November 8, 1923

Ratified by Estonia December 5, 1934

Senate advice and consent to ratification February 6, 1935

Ratified by the President of the United States February 14, 1935
Ratifications exchanged May 7, 1935

Entered into force May 7, 1935

Proclaimed by the President of the United States May 9, 1935

49 Stat. 3190; Treaty Series 888

The United States of America and the Republic of Estonia, being desirous of enlarging the list of crimes on account of which extradition may be granted under the Treaty concluded between the two countries on November 8, 1923,1 with a view to the better administration of justice and the prevention of crime within their respective territories and jurisdictions, have resolved to conclude a supplementary Treaty for this purpose and have appointed as their plenipotentiaries, to wit:

The President of the United States of America; Cordell Hull, Secretary of State of the United States of America; and

The President of the Republic of Estonia; Mr. Charles Kuusik, Acting Consul General of the Republic of Estonia in the City of New York,

Who, after having communicated to each other their respective full powers, which were found to be in due and proper form, have agreed to and concluded the following articles:

ARTICLE I

The following crimes are added to the list of crimes numbered 1 to 25 in Article II of the said Treaty of November 8, 1923, on account of which extradition may be granted, that is to say:

26. Crimes and offenses against the bankruptcy laws.

1 TS 703, ante, p. 602.

ARTICLE II

The present Treaty shall be considered as an integral part of the said extradition Treaty of November 8, 1923, and Article II of the last mentioned Treaty shall be read as if the list of crimes therein contained had originally comprised the additional crimes specified and numbered 26 in the first article of the present Treaty.

ARTICLE III

The present Treaty shall be ratified by the High Contracting Parties in accordance with their respective constitutional methods, and shall take effect on the date of the exchange of ratifications, which shall take place at Tallinn as soon as possible.

IN WITNESS WHEREOF, the above named plenipotentiaries have signed the present Treaty and have hereunto affixed their seals.

DONE in duplicate at Washington, this tenth day of October, one thousand nine hundred and thirty-four.

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