106 FOREIGN TRADE ZONES

of all its property ag well as of the reserve fund, or that the same should be
transferred to the harbor board. If this should happen, the State or harbor
board will assume responsibility for the bonded loan issued by the company
with the approval of the secretary of the interior, and will furthermore pay
to the bondholders the value of their bonds according to the average quotations
which they may have had on the Copenhagen Stock Exchange during the last
10 years. The average for each year will be arrived at by taking one-twelfth
of the total of the average highest and lowest quotation for each month. However,
 no bondholder will be required to have his bonds redeemed at less than
par; on the other hand, they can not demand reimbursement at a higher premium
 than 125 per cent.
Agr. 35. If the company should violate in any way any of the obligations
herein mentioned, the secretary of the interior may have the charter annulled
by judicial sentence, and in such case the company will be obliged to vacate
the territory of the free port within a period fixed by the secretary of the interior
and remove its buildings or other improvements or turn them over to the Government
 for the value of the material as appraised by experts.
Art. 36. With the exception noted in preceding article No. 35 the secretary of
the interior reserves the right to decide on every question subject to interpretation,
 so that such questions can only be taken before the courts by agreement
with the secretary.
Art. 37. This charter can not be transferred to any other party without the
consent of the secretary of the interior.
Department of the interior, April 27, 1892.

INGERSLEYV.

RULES FOR THE ADMINISTRATION OF THE FREE PORT OF COPEN-HAGEN
 §

1. There is reserved to the anonymous free port company the execution of all
works in connection with transportation, packing, ete., of the merchandise
which may be deposited in the free port outside of the lands and buildings
which have been leased. The company may therefore prohibit other parties
to carry on work of this nature without its consent. It is not necessary, however,
 t0 obtain the permission of the company to carry on transportation by
hand or on ordinary carts—inerchandise to be loaded or unloaded merchandise
not included-—over the territory of the free port. Nor is this permission necessary
 for the crews of the vessels anchored within the free port in order to carry
out such work as may be assigned to them.
2. For all work carried out by order of the company as well as for depositing
packages in the warehouses or in open spaces belonging to the company, the
interested parties will pay the fees according to the tariff promulgated by the
secretary, which will also contain the rates referring to rents either for a fixed
period or for an indefinite period and which will be subject to abrogation by
giving a notice in advance for the period of days indicated therein. These
general rates are only applicable to the open or closed depositories within the
free port, while in regard to other leases and especially in regard to leases of
lands for factory purposes special arrangements will be made in each case with
the company and submitted for the approval of the secretary.
3. For each lot of merchandise which may be the object of the manipulation
before mentioned (including transportation), the interested parties must
present to the company—besides other necessary documents, such as manifests,
etc.—in the first place, a statement which will contain a declaration as to the
$ As printed in report of United States Tariff Commission, Free Zones in Ports of the United States,
issued in 1919.