Annex 1 to the Agreement between the Kingdom of Norway and the Kingdom of the Netherlands regarding compensation for: 1. Certain Norwegian bonds lost by Netherlands owners during the Second World War. 2. War damage to the Scandinavian Seamen's Home in Rotterdam Overeenkomst tussen de Noorse Regering en de Nederlandse Regering betreffende schadeloosstelling voor: 1. bepaalde Noorse obligaties, door Nederlandse eigenaars tijdens de Tweede Wereldoorlog verloren; 2. oorlogsschade, toegebracht aan het Scandinavisch Zeemanshuis te Rotterdam
I
Demand for compensation is submitted for the following bonds and coupons:
The Norwegian 3 % State Loan of 1888
Letter C. Nos. 11365 and 15886, drawn on 1st February, 1945 and 1st February, 1943, respectively, Bond and coupons lost. Letter C. No. 9928, drawn on 1st August, 1946, and No. 14077, drawn on 1st February, 1946. Bond lost, coupon sheet not lost. Letter C. Nos. 10396, 15885 and Letter D. No. 22242. Undrawn bonds, bond and coupon sheet lost. Letter C. Nos. 3226, 4271, 5339, 7293, 9454, 9683, 10172, 11134, 11779, 14347, 14591, 14592, 16295, 16298. Letter D. Nos. 17981, 17983, 17984, 17985, 18073, 18074, 18075, 18203, 18215, 18422, 18423, 18424, 18945, 22487, 22488, 22552, 23371, 23372, 23505, 23980, 23981, 24433, 24722, 24969, 24998. Undrawn bonds. Bond lost, coupon sheet not lost. Letter C. Nos. 6263 and 15919. Undrawn bonds. Coupon sheet lost, bond not lost.
The Norwegian 3½ % State Loan of 1904
No 14146, drawn on 15th June, 1946, 14147, drawn on 15th June, 1944, 14148, drawn on 15th December, 1946, and 14159, drawn on 15th June, 1946. Bond and coupon sheet lost. Nos. 18853 and 18854. Undrawn bonds. Bond and coupon sheet lost.
II
The Ministry of Commerce will make a settlement on the following lines:
1. Drawn bonds. Bond and coupon sheet lost
Payment will be made of the bonds' face value and of all coupons matured up to the day of drawing. In the case of bonds drawn during the war interest will be paid up to 1st February, 1946, and 15th December, 1945, for the 1888 and 1904 loans respectively.
2. Drawn bonds. Bond lost, coupon sheet not lost
Coupons for these bonds have been cashed up to the day the bonds were drawn. The face value of the bonds will be paid on condition that all coupons maturing after the day of drawing are handed into Norges Bank.
3. Undrawn bonds. Bond and coupon sheet lost
The Ministry of Commerce will purchase the right to the bonds at a rate based on the average rate for purchase for amortisation purposes in 1955. The rate will be £ 18-8-0d. both for bonds having a face value of £ 20-0-0d. (the 1888 loan) and for bonds having a face value of £ 19-16-5d. (the 1904 loan). With regard to bonds having a face value of £ 100-0-0d. (the 1888 loan) the rate will be £ 92-0-0d. Uncashed matured coupons will be paid at face value.
4. Undrawn bonds. Bond lost, coupon sheet not lost
The Ministry of Commerce will purchase the right to the lost bonds on the conditions mentioned under II, 3., above, provided that all non-matured coupons up to until the last interest period are handed in at the same time. Those matured coupons of this group which have not been lost are excluded from the general settlement.
5. Undrawn bonds. Bond not lost, coupon sheet lost
The Ministry of Commerce will purchase these bonds against delivery of the bonds at the price as mentioned under II, 3., above, and uncashed matured coupons will be paid at face value.
In the case of settlement made in accordance with this Agreement the shortened statutory limits for coupons in conformity with Art. 41 of the law relating to Bonds of 17th February, 1939, shall not apply.
Settlement in respect of multi-currency loans will be made on the basis of the face value in pounds sterling.
As far as bonds dealt with in II, 3 and 5, are concerned, interest will not be paid for the expired part of the term in which settlement is made. With regard to bonds mentioned under II, 4., the current period's coupon must be handed in without such interest being paid.
- Regeling
- Overeenkomst tussen de Noorse Regering en de Nederlandse Regering betreffende schadeloosstelling voor: 1. bepaalde Noorse obligaties, door Nederlandse eigenaars tijdens de Tweede Wereldoorlog verloren; 2. oorlogsschade, toegebracht aan het Scandinavisch Zeemanshuis te Rotterdam
- Soort
- Verdrag
- Geldend vanaf
- 20-08-1959
- BWB-id
- BWBV0005113
- Versie
- 1959-08-20_0