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In connection with this provision, my Government is willing to conclude a reciprocal agreement in regard to load lines with the Government of Belgium with the understanding that the rules and freeboard tables employed by the French Bureau Veritas and by Lloyds Registry of Shipping are the freeboard rules and tables of the French Government and the 1906 rules of the British Board of Trade, respectively.

Subject to the above understanding the Government of the United States is prepared to agree that pending the coming into force of the International Load Line Convention of 1930, in the United States and Belgium, the competent authorities of the Government of the United States will recognize the load line marks and the certificate of such marking on the merchant vessels of Belgium made in accordance with either of the foregoing systems of rules and tables as equivalent to load line marks and certificates of such markings made pursuant to the laws and regulations of the United States; provided, that the load line marks are in accordance with the load line certificates; that the hull and the superstructure of the vessel certificated have not been so materially altered since the issuance of the certificate as to affect the calculations on which the load line was based; and that alterations have not been made so that the

(1) Protection of openings,

(2) Guard Rails,

(3) Freeing Ports,

(4) Means of Access to Crews Quarters,

have made the vessel manifestly unfit to proceed to sea without danger to human life.

It will be understood by this Government that on the receipt by the Embassy of a note from Your Excellency to the effect that the competent authorities of the Belgian Government will recognize the load line marks and certificates thereof on merchant vessels of the United States, executed pursuant to the laws and regulations of this Government, as equivalent to load line marks and certificates made in accordance with the laws and regulations in force in Belgium, and expressing the Belgian Government's concurrence in this Government's understanding as above set forth, the agreement will become effective.

I avail myself of this occasion to renew to Your Excellency the assurance of my highest consideration.

His Excellency

Monsieur PAUL HYMANS,

Minister of Foreign Affairs.

HUGH GIBSON

The Minister of Foreign Affairs to the American Chargé d'Affaires ad interim

[TRANSLATION]

MINISTRY FOR FOREIGN AFFAIRS

No. C.24/354

SIR:

BRUSSELS, February 4, 1932

I did not fail to inform the Minister for Transportation of the contents of the Embassy's note of October 7 last, No. 708, concerning the negotiation between the two countries of a temporary agreement on load-line regulations of vessels.

I have the honor to inform you that the regulations and tables of load lines which are mentioned in article 161 of the royal decree of November 8, 1920, constituting a ruling for the application of the law concerning the safety of vessels, are the regulations and tables of load lines of the French Government as given by the Veritas Bureau and the rules of 1906 of the British Board of Trade as given in "Lloyd's Register of Shipping."

As the Government of the United States feels that it cannot assent to the proposal that has been submitted to it, of applying in the matter of load-line regulations the reciprocity agreement concerning the safety of vessels, concluded in 1922, the Government of the King accepts the arrangement proposed by the Government of the United States.

This arrangement will have, therefore, a temporary character and is destined to come to an end as soon as the two Governments shall have ratified the international agreement concerning load lines and as soon as this agreement shall come into force.

The Government of the King declares, consequently, that as a measure of reciprocity corresponding to the measures stated by the American Government, the Belgian Government will, in the interim before the enforcement in the United States and in Belgium of the international agreement on load lines, of July 5, 1930, and with the exception of the conditions set forth below, permit competent authorities of the Belgian Government to recognize the marks of the load lines and the certificates of these lines for merchant vessels under the United States flag, when these are established in conformity with the laws and regulations in force in the United States, as being equivalent to the marks of the load lines and the certificates of these lines established in conformity with Belgian law.

This recognition is subject to the following conditions:

1) The marks of the load lines shall correspond to the certificates of the load lines;

2) Alterations of sufficient importance to affect the calculations on which the load line was based shall not have been made, since the issuance of the certificate, to the hull and to the superstructure of the vessel concerned;

3) The alterations made shall not be of such a nature that the protection of openings, handrails, cargo ports, means of access to the crew's stations, shall render the vessel manifestly unfit to go to sea without danger to human life.

The Belgian Maritime Inspection Service has been notified of the present arrangement and instructed to observe it henceforth.

It is appropriate to point out that the correspondence exchanged on the subject discussed above, precedes the royal decree of September 14, 1931, which allows Belgian shipowners to obtain for their vessels the load line established in conformity with the ruling forming an annex to the International Load Line Agreement signed at London on July 5, 1930; thus this royal decree introduces into this question a new element which it has been impossible to take into consideration.

But this circumstance is not of a character to affect the proposed arrangement since the American ruling on load lines is identical with the ruling forming an annex to the agreement above mentioned.

Since the Government of the United States is disposed to recognize the load lines of Belgian vessels assigned according to the old regulations, the Government of the King takes it for granted that the Government of the United States will likewise recognize the load line assigned according to the conditions provided in the new Belgian ruling in this matter. The Government of the King considers it opportune, however, again to call the attention of the Government of the United States to the fact that, in accordance with this latter regulation, the assignment of load lines consists of the letters B.I. when the load line is established by the official Belgian authorities qualified for this purpose.

2

I have the honor to forward to you in this connection three copies of the royal decree of September 14, 1931, as well as three copies of the official form of load-line certificate used by the Belgian Maritime Inspection Service.2 I should appreciate your addressing me a letter stating the assent of the Government of the United States to the present arrangement.

The date of this communication could be considered as signifying the coming into force of the arrangement.

Be so kind as to accept, Sir, the assurance of my most distinguished consideration.

Mr. MAYER

Chargé d'Affaires of the United States

Brussels

For the Minister: THE DIRECTOR GENERAL.

'Not printed here.

The American Chargé d'Affaires ad interim to the Minister
of Foreign Affairs

EMBASSY OF THE
UNITED STATES OF AMERICA
BRUSSELS, April 19, 1932

No. 804

MR. MINISTER,

I have the honor to refer to Your Excellency's note of February 4, 1932 (Direction Générale B, Section I.B./Comm., No. C.24/354) and to its enclosures, regarding the conclusion of an arrangement between Belgium and the United States for the reciprocal recognition of ship load line certificates.

My Government agrees, as requested in this note, to recognize the certificates issued by the Government of Belgium pursuant to the Royal Decree of September 14, 1931, which allows Belgian shipowners the privilege of obtaining for their vessels the load line established in conformity with the ruling which forms an annex to the International Load Line Convention signed at London on July 5, 1930.

The Government of the United States accordingly understands that the arrangement has been completed by the exchange of notes and is effective from the date of this note.

I would greatly appreciate confirmation of this understanding, and I avail myself of this occasion to renew to you, Mr. Minister, the assurances of my highest consideration.

His Excellency

Monsieur PAUL HYMANS,

Minister of Foreign Affairs

FERDINAND LATHROP MAYER,

Chargé d'Affaires ad interim

DEBT FUNDING

Agreement signed at Washington June 10, 1932, modifying agreement of August 18, 1925

Operative from July 1, 1931

Treasury Department print

Agreement, Made the 10th DAY OF JUNE, 1932, at the City of WashINGTON, DISTRICT OF COLUMBIA, BETWEEN THE GOVERNMENT OF THE Kingdom of Belgium, hereinafter called Belgium, 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 Belgium and the United States, dated August 18, 1925,1 there is payable by Belgium to the United States during the fiscal year beginning July 1, 1931 and ending June 30, 1932, in respect of the bonded indebtedness of Belgium to the United States, the aggregate amount of $7,950,000, 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 Belgium on the terms hereinafter set forth, to postpone the payment of the amount payable by Belgium to the United States during such year in respect of its bonded indebtedness to the United States; and

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

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

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