Foreign trade zones (or free ports)

Bibliographic data

Monograph

Identifikator:: 1801857903

URN:: urn:nbn:de:zbw-retromon-199077

Document type:: Monograph

Title:: Foreign trade zones (or free ports)

Place of publication:: Washington

Publisher:: United States Government Printing Off.

Year of publication:: 1929

Scope:: IX, 322 S; Ill., graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part 2. The free ports of Europe

Collection:: Economics Books

FREE PORT OF COPENHAGEN 97 ad a TY t. 30 ui ae se 20 TS rt In 10 Wf nN Om 18 J) I - "Y 16 on er 815] n= af 18 'a JN SP - 0 ad nt ne Vy sk ad SE CO -q9 d= ne the legislative powers, relieve the company from the obligation to invest all the capital stock above indicated. In the same way he can grant permission to the company (with the consent of the legislative powers) to increase its capital aver 4,000,000 kroner, either by increasing the latter or by issuing a bonded loan. The treasury will guarantee the interest on and the amortization of the bonds which the port commission will issue for the purpose of obtaining funds for the onstruction of the free port, including the construction of the customhouse, oy setting aside for this purpose a fixed and unalterable annual contribution. The amortization will extend over a period not to exceed 60 years. However, this guaranty shall not exceed 8,000,000 kroner. The sums which the State treasury will have to advance in accordance with this’guaranty must be reim- bursed by the port commission as soon as possible. (This obligation of the port commission can not be, however, an obstacle for the collection of passage dues an vessels through the port of Knippel, dues which were fixed by royal decree of Oct. 30, 1816.) ArT. 4. The lands and property necessary for the installations will be exappro- priated in accordance with the provisions established by decree of March 5, 1845, for the exappropriation of lands for railroads. However, under this agree- ment no compensation will become due to the city of Copenhagen for exappro- oriation of its lands or for damages. Arr. 5. For the installation of railroad communications, ete. (mentioned in art. 2), the Federal treasury may use a sum up to 905,000 kroner in addition to the expenses for exappropriation. ART. 6. The lands used for the free port as well as the railroad construction above mentioned will be free, while used for this purpose, of all taxes and other Tues which may have formerly been imposed thereon. The warehouses and nstallations constructed on this land and pertaining to the company, as well as the buildings for public administrative or exportation offices, will also be free of all taxes generally imposed on buildings and of the land tax which is tollected by the city of Copenhagen. (This exemption does not include, how- ever, the water tax.) The same privilege will be extended in the territory Indicated to the buildings belonging to the railroad. The port commission is authorized to issue the bonds indicated in article 3 on unstamped paper, be they personal or payable to bearer; and the transfer of the personal bonds, or of those which may have been converted later on into such, may take place without the use of stamps. Contracts made with reference to the installations mentioned do not require any stamps, and the bonds issued by the company tan also be extended or transferred under similar conditions. Materials which shall be employed in the construction of the railroad will be admitted free of customs duty. ART. 7. The lands of the free port necessary for the installation of facilities will be reserved and at the proper time turned over for this purpose on payment of the expenses which the port commission may have incurred in their purchase; or, in case they have come to be the property of the port commission by filling In, they will be obtained by paying the sums which the formation of these lands and their protection against the water may have cost in addition to the interest corresponding to the period elapsed between the conclusion of the improvements and the delivery of the lands. ART. 8. The secretary of the interior is authorized: First, to leave without effect the law of March 31, 1864, by which a port duty Was imposed on outgoing vessels. . Second, to exempt overseas vessels from the port duty established by said law for incoming vessels on cargo transshipped in the port and sent abroad by vessel, observing the regulations which may be issued in this respect by the secretary of the interior.

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