Roumanian war debt

Bibliographic data

Monograph

Identifikator:: 1831797631

URN:: urn:nbn:de:zbw-retromon-221159

Document type:: Monograph

Title:: Roumanian war debt

Place of publication:: London

Publisher:: H. M. Stationery off

Year of publication:: 1927

Scope:: 4 p.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

AGREEMENT FOR THE FUNDING OF THE ROUMANIAN WAR DEBT TO THE BRITISH GOVERNMENT. The Undersigned, duly authorised by their respective Govern- ments have agreed as follows :— 1. In full and final settlement of the net War Debt due by the Government of the Kingdom of Roumania (hereinafter called Roumania) to the Government of His Britannic Majesty (herein- after called Great Britain), in respect of which Debt Great Britain holds Roumanian Treasury Bills to the face value of €18,448,200, Roumania agrees to pay and Great Britain to accept the following annuities :— in 1926 1927 1928 1929 1930-34 1935-44 1945-66 1967-R7 50,000 100,000 150,000 200,000 250,000 275,000 500,000 750. 000 These Annuities will be payable in equal half-yearly instal- ments on 15th May and 15th November of each year, with the exception of the Annuity for 1926, which will be payable in full on 15th November, 1926. Great Britain agrees to accept the reduced annuities provided for above during the years 1926 to 1944 inclusive in view of the liabilities of Roumania during those years under the Relief Bonds for £2.200.000 held by Great Britain. 2. The payments provided for by this Agreement will be made in sterling to the Cash Account of His Majesty's Paymaster. (Feneral at the Bank of England. 3. In the event of any of the payments provided for by this Agreement not being made by the due date, interest at the rate of 6 % per annum shall be payable for the period between he due date and the date of paviment. 4. Roumania will issue and deliver to His Britannic Majesty's Treasury on or before 15th November, 1925, Bonds substan. tially in the form set out in the Annex to this Agreement in respect of each of the half-yearly payments provided for by this Agreement. These Bonds shall be exempt from all Roumanian taxation, present or future, so long as they are in the beneficial ownership of Great Britain or of a person, firm, association or corporation neither domiciled nor ordinarily resident in

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