Full text: Serb-Croat-Slovene war debt

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¢. If at any time while the payments under Article 1 of this 
greement are continuing it appears that the aggregate pay- 
1ents effectively received by Great Britain under Allied War 
Jebt Funding Agreements and on account of Reparations or of 
-iberation Bonds exceed the aggregate payments effectively made 
7 Great Britain to the Government of the United States of 
America in respect of war debts, an account shall be drawn up 
by the British Treasury, interest at 5 per cent. being allowed 
on both sides of the account; and if that account shows that the 
eceipts exceed the payments, Great Britain will credit the 
derb-Croat-Slovene Government against the payments next due 
oy them under Article 1 of this Agreement, with such proportion 
of that excess as the payments effectively made by the Serb- 
Jroat-Slovene Government under Article 1 of this Agreement 
rear to the aggregate sums effectively received by Great Britain 
inder all Allied War Debt Funding Agreements. Thereafter a 
similar account will be drawn up by the British Treasury each 
vear and any further excess of the receipts over the payments 
shall each year give rise to a credit to the Serb-Croat-Slovene 
Fovernment of a proportion of such excess calculated in the 
manner indicated above. On the other hand, any deficit shall 
ve made good by an increase in the payments next due by the 
Serb-Croat-Slovene Government up to a similar proportion of 
such deficit within the limit of the total amount of the credits 
ready allowed to the Serb-Croat-Slovene Government under 
this Article. For the purpose of this Article any capital sums 
which may hereafter be realised by Great Britain in respect of 
Reparations or of Liberation Bonds will be taken at their 
annual value, taking account of amortisation. 
5. The accounts relating to the war debt of the Serb-Croat- 
Slovene Government to Great Britain shall be finally closed, 
nd, save as provided in Article 1 of this Agreement, His 
Britannic Majesty's Government in Great Britain and the Serb- 
‘roat-Slovene Government mutually renounce all claims and 
sounter-claims arising out of the War Debt of the Serb-Croat- 
Slovene Kingdom to Great Britain. 
6. Upon the execution of this Agreement and the delivery to 
“reat Britain of the Bonds provided for in Article 3, duly exe- 
wted, His Britannic Majesty’s Government in Great Britain 
will cancel and return to the Serb-Croat-Slovene Government the 
Serbian Treasury Bills which they at present hold. 
Signed in duplicate at London on the ninth day of August. 
1997. 
For His Britannic Maiesty’s Government in Great Britain : 
Winstox S. (CHURCHILL. 
For the Serb-Croat-Slovene Government : 
G. DIoTRITCH. 
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