Deutschlands Auslandsanleihen

Bibliographic data

Monograph

Identifikator:: 1779766025

URN:: urn:nbn:de:zbw-retromon-167451

Document type:: Monograph

Author:: Pfitzner, Johannes http://d-nb.info/gnd/138950474

Title:: Deutschlands Auslandsanleihen

Place of publication:: Berlin

Publisher:: Heymann

Year of publication:: 1928

Scope:: 174 S.

Digitisation:: 2021

Collection:: Economics Books

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Anhang, 1925 The amounts due on allotments will be payable at the office of J. P. Morgan & Co., in New York funds to their order, on Or about October 30, 1924, as called for, against the delivery of Interim Receipts exchangeable for definitive Bonds when prepared and received, J. P. Morgan & Co. Kuhn, Loeb & Co. First National Bank The National City Company Guaranty Company of New York Bankers Trust Company, New York Harris, Forbes & Co. Lee, Higginson & Co. Kidder, Peabody & Co. Dillon, Read & Co. New York. October 14. 1924. STATEMENT. , GERMAN EXTERNAL LOAN 1927 Arrangements have been made for portions of the Loan to be issued in Great Britain, the United States of America, Belgium, France, Holland, [taly, Sweden, Switzerland and Germany, The Loan will be issued in the form of bonds to bearer carrying interest at 7%. per annum and repayable within 25 years by means of a Sinking Fund to be applied to the purchase and/or drawing of bonds of the issue in the manner Set forth in the prospectuses relating to the several issues, Bonds issued in the United States of America and the interest thereon will by expressed and be payable in United States dollars; bonds issued elsewhere and the interest thereon will be expressed and be payable in Sterling or in the currency of the country of issue, as may be provided in the relative prospectuses, The Loan is issued for the purpose of carrying into effect the Plan proposed to the Reparation Commission by the First Committee of Experts (the “Dawes Committee”) for the discharge of the reparation obligations and other pecuniary liabilities of Germany under the Treaty of Versailles, which Plan was confirmed by the various Governments concerned and by the Reparation Commission at the London Conference of August, 1924, The German Government has undertaken to adopt all appropriate measures for carrying into effect the said Plan and for ensuring its permanent operation. The Loan is intended to serve the double purpose of ensuring currency stability in Germany and financing, especially, deliveries in kind during che preliminary period of economic rehabilitation, The service of interest and amortization of the Loan is: (1) A direct and unconditional obligation of the German Government chargeable on all the assets and revenues of that Government. (2) A specific first charge on all payments provided for under the Plan of the Dawes Committee to or for the account of the Agent-General for Reparation Payments, such charge being prior to reparation and other Treaty payments, which in turn have a specific precedence over the existing German debt, (3) A first charge by way of collateral security on the “controlled revenues,” i. e., the gross revenues of the German Government derived irom the customs and from the taxes on tobacco, beer and sugar, the net revenue of the German Government from the spirits monopoly and such tax (if any) as may hereafter be similarly assigned by the German Government in accordance with the terms of the final protocol of the London Conference. , The Reparation Commission have postponed in favor of the charges created in respect of the Loan all reparation and other charges upon the payments to the Agent-General for Reparation Payments, including charges in respect of deliveries in kind or payments therefor, whether direct or through the operation of any reparation recovery act od decree.

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