American debt

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Monograph

Identifikator:: 1831796236

URN:: urn:nbn:de:zbw-retromon-221092

Document type:: Monograph

Title:: American debt

Place of publication:: London

Publisher:: Stat. Off.

Year of publication:: 1923

Scope:: 12 S.

Digitisation:: 2022

Collection:: Economics Books

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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

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