UN General Assembly
1958

89. In its relations with other countries, Indonesia has always honoured its commitments, as is known to members of this Assembly who have relations with us. It may be recalled that at the time of transfer of sovereignty, we were burdened with huge debts incurred by the Netherlands, a considerable part of which it had incurred in waging war against the Republic of Indonesia. These included debts to Canada, Australia and the United States. We have settled our obligation to Canada, while those to Australia and the United States are being paid off. As regards the non-recognition of debts to the Netherlands, the then Indonesian representative to the United Nations, in a note to the United Nations of 23 October 1956, already fully explained Indonesia's position and its justification, repudiating the Dutch arguments. It is therefore not necessary for me to repeat them here.