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 PORT OF COPENHAGEN

103

(9) Reimbursement to the harbor board of the additional expenses incurred
for police surveillance.’
(h) Other expenses and charges that may arise.
ART. 17. The directors of the company shall promulgate regulations for
accounting. The annual return, which must be made within four months after
the close of the fiscal year, shall be reviewed by two auditors of which one shall
be chosen by the secretary of the interior and one by the bondholders of the
company, These auditors will be paid a yearly fee out of the funds of the
management, the secretary of the interior to fix the amount to be paid to the
auditor chosen by him. After review by the auditors the secretary of the interior
will render a decision, after which the bondholders will be paid their dividends.
The auditors shall have the right to examine the books, inspect the cash, and
sal for information in regard to the management at any time.
ART. 18. The secretary of the interior may also call on the company for any
information in regard to the management of the free port.
Any party which may consider itself prejudiced by any action of the company
may file a complaint with the secretary, who. after hearing both parties, will
render a decision.
ART. 10. Merchandise which leaves the free port and enters into the Danish
customs territory must submit to the rules as well as to the tariff schedule then
in force. In accordance with article 4, law No. 44, of March 31, 1891, there
ean not be installed within the territory of the free port and without the previous
consent of the legislative power factories for the manufacture of artificial manures,
or margarine, nor bookbinding, or printing industries for books, newspapers,
or music. ‘The consent of the secretary of the interior is necessary for the establishment
 of any other industry, as well as for retail stores, within the territory
of the free port. The secretary shall not, however, oppose any difficulties whenaver
 the articles manufactured or sold are for export or for provisioning vessels.
The use of the free port is subject to State control in order to protect the in=~
berests of the customhouse. Special care will be taken to prevent the consumption
 of dutiable articles within the free port, unless such duties have been paid.
ArT, 20. The rents to be paid by Government institutions to the company for
Juarters within the territory of the free port will be determined by the secretary
of the interior.
ArT. 21. The police of the port of Copenhagen will have authority over the
free port (the free port forming part of the port of Copenhagen) whenever
tecessary, and in the exercise of this authority will pav special attention to the
requirements of the free-port ecmpany.
ART, 22. The bonds issued by the company may be extended or transferred
without the usual stamps, and the contracts which the company may enter
into for construction work are also exempt from the use of such stamps.
Art. 23. All warehouses and equipment belonging to the company, the buildings
 for the offices and management of the company, and for the offices of the
Government within the territory of the free port will be exempt from all federal
and local area taxes (land taxes); however, the water tax is not included in this
SXemption.
A®T. 24. In accordance with law No. 44 of March 31, 1891 (art. 8), no port
fees will be collected within the free port; articles leaving the free port for entry
into the Danish customs district pay to the harbor board a tax which will be
equal to the tariff rate placed upon the article by the regular customs tariff act,
and equivalent to the port tax. This tax will be calculated upon the basis of
one-tenth of a registered ton; even if the rate upon any one article does not
reach the amount usually paid for one-tenth of a registered ton, payment will
be made on this basis.
47088°—20-—R