III. Credits in crowns under paragraph I which, pursuant to general regulations, have been frozen by the Danish authorities shall be released as follows:
(a) credits in crowns held by Netherlands banks shall be released on demand of the banks holding title to such credits;
(b) other credits in crowns may freely be transferred to the accounts of Netherlands banks at the demand of the owners, and will then be released in accordance with item (a) above;
(c) credits in crowns under item (b) above which are not transferred to the accounts of Netherlands banks will only be released by Danish authorities if the applications for their release submitted by their holders are approved by the Nederlandsche Bank.
IV. Credits in Netherlands florins under paragraph I which, pursuant to general regulations have been frozen by the Netherlands authorities shall be released as follows:
(a) credits in Netherlands florins held by Danish banks shall be released on demand of the banks holding title to such credits;
(b) other credits in Netherlands florins may freely be transferred to the accounts of Danish banks at the demand of the owners, and will then be released in accordance with item (a) above;
(c) credits in Nederlands florins under item (b) above which are not transferred to the accounts of Danish banks. will only be released by the Netherlands authorities if the applications for their release submitted by their holders are approved by the Danmarks Nationalbank.
V. The regulations contained in paragraphs III and IV above are applicable mutatis mutandis to securities deposited by residents of either country in the banks of the other country.
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