Italian war debt

Bibliographic data

Monograph

Identifikator:: 1831796392

URN:: urn:nbn:de:zbw-retromon-221101

Document type:: Monograph

Title:: Italian war debt

Place of publication:: London

Publisher:: Stat. Off.

Year of publication:: 1926

Scope:: 4 S.

Digitisation:: 2022

Collection:: Economics Books

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2 5 2 3 Hive f— 3 2 P J = © NY JJ ii \ 0 a1 > ZT AS = — py A +) EEE > rn — aD wt pl} Z 7d % ~ + =, a nents falling due on or after the 15th September, 1928, as is the sum of one million pounds (£1,000,000) to any sub- “at 15th March or 15th September, not more than two years > t from its due date, but only on condition that in case Ttaly at any time exercise this option as to the payment of any ment, the instalments falling due in the second succeeding “annot be postponed at all unless and until the instalments vo years and one year previous thereto shall actually have paid in full. All such postponed payments shall bear 3t at the rate of 5 per cent. per annum, pavable half-vearlv. r [he accounts relating to the war debt of Italy to Great 1, including the accounts in connection with the Wheat ttive and War Risks Insurance schemes, shall be finally , and the British Treasury shall be entitled to retain any credited or to be credited to Italy in respect of such ats. Save as provided in this Agreement, the contracting s and their agents reciprocally renounce all claims or 'r-claims against the other contracting party or their agents pect of the above-mentioned accounts or the services and tes to which they relate. at Britain likewise renounces all claims outstanding against ‘nL respect of the hire of ex-enemy shipping. If at any time it appears that the aggregate payments vely received by Great Britain under Allied War Debt ng Agreements and on account of reparations or of ition bonds exceed the aggregate payments effectively, ’y Great Britain to the Government of the United States erica in respect of war debts, an account shall be drawn the British Treasury, interest at 5 per cent. being allowed th sides of the account; and if that account shows that celpts exceed the payments, Great Britain will credit Italy 3t the payments next due by Italy under Article 1 of this ment with such proportion of that excess as the payments vely made by Italy under Article 1 of this Agreement bear aggregate sums effectively received by Great Britain under lied War Debt Funding Agreements. Thereafter, a similar ht will be drawn up by the British Treasury each year, and urther excess of the receipts over the payments shall each jIve rise to a credit to Ttaly of a proportion of such excess ated in the manner indicated above. On the other hand. eficit shall be made good by an increase in the payments lue by Italy up to a similar proportion of such deficit within mit of the total amount of the credits alreadv allowed to under this Article. the purpose of this Article any capital sums which may fter be realised by (sreat Britain in respect of Reparations or beration Bonds will be taken at their annual value. taking nt of amortisation ay

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