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For the Bank: International Bank for Reconstruction and Development, 1818 H Street, N. W., Washington 25, D. C., United States of America.

In Witness Whereof, the parties hereto, acting through their representatives thereunto duly authorized, have caused this Loan Agreement to be signed in their respective names and delivered in the District of Columbia, United States of America, as of the day and year first above written.

Internatioanl Bank for Reconstruction and Development
bBy Eugene R. Black
President

Vorarlberger Illwerke Aktiengesellschaft
By GRUBER
Authorized Representative

SCHEDULE 1
Amortization Schedule

Date Payment Due	Payment of Principal (expressed in dollars)[p398 1]	Principal Amount Outstanding After each payment (expressed in dollars)[p398 1]
November 1, 1959	———	$10,000,00
May 1, 1960	$153,000	9,847,000
November 1, 1960	156,000	9,691,000
May 1, 1961	160,000	9,531,000
November 1, 1961	164,000	9,367,000
May 1, 1962	167,000	9,200,000
November 1, 1962	172,000	9,028,000
May 1, 1963	176,000	8,852,000
November 1, 1963	180,000	8,672,000
May 1, 1964	184,000	8,488,000
November 1, 1964	188,000	8,300,000
May 1, 1965	193,000	8,107,000
November 1, 1965	197,000	7,910,000
May 1, 1966	202,000	7,708,000
November 1, 1966	207,000	7,501,000
May 1, 1967	212,000	7,289,000
November 1,1967	217,000	7,072,000
May 1, 1968	222,000	6,850,000
November 1, 1968	227,000	6,623,000
May 1, 1969	233,000	6,390,000
November 1, 1969	238,000	6,152,000
May 1, 1970	244,000	5,908,000
November 1, 1970	250,000	5,658,000
May 1, 1971	255,000	5,403,000
November 1, 1971.	262,000	5,141,000
May 1, 1972	268,000	4,873,000
November 1, 1972	274,000	4,599,000
May 1, 1973	281,000	4,318,000
November 1, 1973	287,000	4,031,000
May 1, 1974	294,000	3,737,000
November 1, 1974.	301,000	3,436,000
May 1, 1975	308,000	3,128,000
November 1, 1975.	316,000	2,812,000
May 1, 1976	323,000	2,489,000
November 1, 1976.	331,000	2,158,000
May 1, 1977	339,000	1,819,000
November 1, 1977.	347,000	1,472,000
May 1, 1978	355,000	1,117,000
November 1, 1978.	364,000	753,000
May 1, 1979	372,000	381,000
November 1, 1979.	381,000	———

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1. To the extent that any part of the Loan is repayable in a currency other than dollars (see Loan Regulations, Section 3.02), the figures in these columns represent dollar equivalents determined as for purposes of withdrawal.

No. 531