Full text: American debt

EXHIBIT ¢“ A.” 
(Form of Bond.) 
GovERNMENT oF THE UNITED KINGDOM SIXTY-TWO YEAR 3-3% PER CENT. GOLD 
Bonb. 
Dated 15th December, 1922-— Maturing 15th December. 1984. 
5. 
No. 
The Government of the United Kingdom, hereinafter called Great 
Britain. for valu received, promises to pay to the United States 
of America, herinafter called the United States, or order, on 
the 15th day of December, 1984, the sum of four million, six hundred 
thousand dollars ($4,600,000), less any amount which may have been 
paid upon the principal hereof as endorsed upon the back thereof, and 
to pay interest upon said principal sum semi-annually on the 15th day of 
June and December in each year, at the rate of three per cent. per annum 
irom 15th December, 1922, to 15th December, 1932, and at the rate of 
three and one-half per cent. per annum thereafter until the principal 
hereof shall have been paid. All payments on account of principal 
and/or interest shall be made at the Treasury of the United States in 
Washington or, at the option of the Secretary of the Treasury of the United 
States, at the Federal Reserve Bank of New York. This bond is payable 
2s to both principal and interest in gold coin of the United States of 
America of the present standard of weight and fineness or in its equivalent 
in gold bullion, or at the option of Great Britain, upon not less less than 
bhirty days’ notice, indicating the minimum amount which it is 
contemplated to pay at next due date in gold cash or available funds, in 
any bonds of the United States issued or to be issued after 6th April, 1917, 
bo be taken at par and accrued interest to the date of payment hereunder; 
provided, however, that Great Britain may at its option, upon not less 
than ninety days’ advance notice, pay up to one-half of any interest 
accruing hereon between 15th December, 1922, and 15th December, 
1927, in bonds of (reat Britain dated and bearing interest from the 
respective dates when the interest to be paid thereby becomes due, and 
substantially similar in maturity and other respects to this bond. 
The principal and interest of this bond shall be exempt from all British 
taxation, present or future, so long as it is in the beneficial ownership 
of the United States or of a person, firm, association or corporation 
neither domiciled nor ordinarily resident in the United Kinedom. 
In order to provide for the amortisation of this bond hefore maturity, 
Great Britain will make to the United States payments of principal in 
the amounts, and on the dates shown in thes following Table : — 
Date, 
[5th December 
1923 
1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
10393 
Annual instalments te 
be poid on account of 
nrinecinal. 
3 
23,000 
23,000 
24,000 
25,000 
25,000 
27,000 
27,000 
98,000 
28.000 
30,000 
39 000
	        
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