, and the United States
Government, represented by Thomas C. Dawson, Minister Resident and
Consul General of the United States to the Dominican Republic,
have agreed:
I. That the President of the United States shall appoint, a General
Receiver of Dominican Customs, who, with such Assistant Receivers and
other employees of the Receivership as shall be appointed by the
President of the United States in his discretion, shall collect all
the customs duties accruing at the several customs houses of the
Dominican Republic until the payment or retirement of any and all
bonds issued by the Dominican Government in accordance with the plan
and under the limitations as to terms and amounts hereinbefore
recited; and said General Receiver shall apply the sums so collected,
as follows:
First, to paying the expenses of the receivership; second, to the
payment of interest upon said bonds; third, to the payment of the
annual sums provided for amortization of said bonds including interest
upon all bonds held in sinking fund; fourth, to the purchase and
cancellation or the retirement and cancellation pursuant to the terms
thereof of any of said bonds as may be directed by the Dominican
Government; fifth, the remainder to be paid to the Dominican
Government.
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