Page:United States Statutes at Large Volume 44 Part 2.djvu/425

SIX’1`Y·NINTH CONGRESS. Sass. I. CH. 223. 1926. 385 CHAI'. 223.-—An Act To authorize the settlement not the indebtedness of }·i¤{{3·,g?_2¤· the Kingdom of Rumania to the United States of America. 1 Be it enacted by the Semzte and House of Re esentatives of the United States of America in Congress assembgd, That the settle- §,§g{{§},';§,’};, O, ,,5 ment of the indebtedness of the Kin dom of Rumania to the United World W¤Q¤<¤·¤bw¤- States of America made by the Bgorld War Foreign Debt C0m· ”°i°iei?°l){%j mission and approved b the President u n the terms and con- ditions as set forth in Syenate Document Igdmbered 5, Sixty-ninth goripgress, first session, is hereby approved in general terms as owsz The amount of the indebtedness to be_ funded after allowing od·f’“"“¤* ‘° "°‘“¤*l· for the cash ipa ents made b the Kingdom of Ilumania and the credits set out {glow, is $44,59,0,000, which has been computed as follows: l i . Fuudi of `nci nl i`.¥£§§é£?‘.‘“c..."..s“*.?.fl *3332}%;..*3 23 %?.$‘.:.s·1e7·i6ss,‘;z‘;se‘.;2a “"°· *2** ‘°" "* ·¤¤ i¤»¤'£¤¤ ¤?»"`»<»·’$s- of 4% per csntum a year ....... .. ....... -. ....................... 5,365, 806. 08 Total indebtedness as of De. rmber 15. 1922 ................... 41, a94, 301. 02 Interest accrued and unpaid thereon to June 15, 1926, at the rate ot 3 per centum a year ........................ ..--- ............. 8, 112, 072. 59 44, coe, srs. or Credits allowed by War Department on material together with interest thereon .............s......................................... 11, 922. 07 Total net indebtedness as ot June 15, 1925 ............... ....-- 44, 594, 451. 54 To be paid in cash upon execution of agreement ......... .. ........... 4, 451. 54 Total indebtedness to be funded into b0¤1dI--... ................ 44. 590. 000. 00 The principal amount of the bonds to be delivered to the United b°§{,‘,‘j"*l’°‘ ’*““°‘m* °‘ States is $66,560,560.43, the increase over the funded indebtedness as of June 15, 1925, being due to the smaller pa ents during, the first fourteen years than would have been dpgynglldl u n the asia of the British-American settlement, this erence funded over the remainingforty-eight years, compounded annua K, at the rates of 3 per centum per annum u to and including t e` tenth year and 3% percentum per annum _ the eleventh to the four- teenth year, both inclusive. The prineiépal of the bonds shall be ,¤;¤_j,;¤lg;gg~ltS¤¤v¤¤¤¤ i¤ paid in annual installments on June! *of each {ear cup to and ` including June 15, 1987, subject to the right of t e Kingdoms of Rumania, after June 15, 1939, to make suchpayments in t ree-year I _ periods. The first fourteen annual installments are to be’paid i,,,,°$',§}1}"‘““t° ”‘”‘°“‘ without interest on· the dates specified and in the following amounts: June 15, 1926, $200,000; June 15, ,1927,Q$300,000; June 15, 1928, $400,000; June 15,1929, $500,000; June 15, 1930, $600,000; June 15, 1931, $700,000; June 15, 1982, $800,000; June 15, 1938, $1,000,000; Junev15, 1934, $1,200,000; Jima 15, 1935,’$1,400,000; June 15 1936, $1,600,000; June 15, 1987, $1,800,000; June *15, 1938, $2,000,000; _ June 15, 1989 $,200 ‘ The remaining forty-eight·instalhnents ,,,§{‘°°"**‘ °° ”““’·‘°' are to be aid annually on Jime 15 of‘eacl1Jyear, with interest at the rate of)3%l per centum per annum from une 15, 1989, payable semiannually on June 15 and December 15 of each ‘i·.Q The amount of the installrneiwdue; in the Hfteenith is *%,560.43, the annual installments>`*,%blincrease thereafter until the si1&%- second year the amount of the Tdnal installment be $2,172, theaggregste installments being to the total faceamount of bonds to be delivered, namely, $66,560,560.43. _ · ‘ ? _ The Kingdom of Rumania shall have the»ri§ht—_t0 psy of addi- ,,,§,§g' l’“’m°“** ’·"‘ tional amounts of the principal of the bonds on une 15 or December 15 of any year upon not ess than ninety days’ advance notice. 43892°-—27———25