Date.
15th December ~—
1979
1980
1981
1982
1983
19R4.
Total
Annual instalments to
be paid on account of
principal.
$151,000,000
156,000,000
162,000,000
167,000.000
175,000,000
175.000.0000
%4.600.000,000
Provided, however, that Great Britain may at its option,
upon not less than ninety days’ advance notice, postpone
any payment of principal falling due as hereinabove pro-
vided to any subsequent 15th June or 15th December, not
more than two years distant from its due date, but only on con-
dition that if Great Britain shall at any time exercise this option
as to any payment of principal, the payment falling due in
the next succeeding year cannot be postponed to any date more
than one year distant from the date when it becomes due, unless
and until the payment previously postponed shall actually have
been made, and the payment falling due in the second succeeding
year cannot be postponed at all unless and until the payment of
principal due two years previous thereto shall actually have been
made
In the event of Great Britain issuing bonds to the United
States in payment of interest accruing between 15th December,
1922, and 15th December, 1927, as proposed in paragraph 3
above, the bonds so issued shall contain provision for the payment
of their principal before maturity through annual instalments
on account of principal corresponding substantially to the
schedule of payments on account of principal appearing in the
Table hereinabove get forth.
7. Payments before Maturity.
Great Britain may at its option, on any interest date or dates,
upon not less than ninety days’ advance notice make advance
payments of principal, in addition to the payments required to
be made by the provisions of the bonds in accordance with
paragraph 6 of this proposal. Any such additional paymenss
shall first be applied to the principal of any bonds which
shall have been issued hereunder on account of interest accruing
between 15th December, 1922, and 15th December, 1927, and
then to the principal of any other bonds which shall have been
issued hereunder. Any payments made to the United States
under this provision shall be in amounts of $1,000,000 or multiples
thereaf