4. If at any time while the payments under Article 1 of this
Agreement are continuing it appears that the aggregate pay-
ments effectively received by Great Britain under Allied War
Debt Funding Agreements and on account of Reparations or of
Liberation Bonds exceed the aggregate payments effectively made
by 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. heing allowed
on both sides of the account; and if that account shows that the
receipts exceed the payments, Great Britain will credit the
Serb-Croat-Slovene Government against the payments next due
by them under Article 1 of this Agreement, with such proportion
of that excess as the payments effectively made by the Serb-
Croat-Slovene Government under Article 1 of this Agreement
bear to the aggregate sums effectively received by Great Britain
under all Allied War Debt Funding Agreements. Thereafter a
similar account will be drawn up by the British Treasury each
year and any further excess of the receipts over the payments
shall each year give rise to a credit to the Serb-Croat-Slovene
Government of a proportion of such excess calculated in the
manner indicated above. On the other hand, any deficit shall
be 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
already 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,
and, save as provided in Article 1 of this Agreement, His
Britannic Majesty's Government in Great Britain and the Serb-
Croat-Slovene Government mutually renounce all claims and
counter-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
Great Britain of the Bonds provided for in Article 3, duly exe-
cuted, 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 T.ondon on the ninth day of August.
1997.
For His Britannic Majesty's Government in Great Britain :
WinsToN 8S. CHURCHILL.
For the Serb-Croat-Slovene Government :
3. DIOURITCH.
