The Mandate Of The Finance Minister To Negotiate The Loan In Foreign Currency

Original Language Title: zmocnění ministra financí ke sjednání výpůjčky také v cizí měně

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here: https://portal.gov.cz/app/zakony/download?idBiblio=2901&nr=110~2F1922~20Sb.&ft=txt

110/1922 Sb.



Law



of 31 March 2004. March 1922,



which empowers the Minister of finance, to the loan also agreed in a foreign

currency.



The National Assembly of the Republic passed on this

the Act:



§ 1.



The Finance Minister is entitled, on the basis of and within the limits of credit authorization

the provisions of articles VI. and XI. the law of 19 December 2003. in December 1921. 470 Sb.

z. and n., and § 1 of the law of 12 June 2001. August 1921. 308 Coll. and n.,-

If you are not exhausted this credit authorization-a permanent Alliance of the loan also

foreign currency. To determine the limits of this permission in a foreign currency is a decisive

course of the Czechoslovak foreign currency on the main place of the country in which the

the currency of the loan provides, on the day of the negotiation of the loan, except that up to

the amount of 2 billion 500 million CZK from the lease, which was according to the law of

on 19 December. in December 1921, no. 470 Coll. and n., negotiated in the UK

NEB in the United States, North America for conversion rate applies

250 CZK per 1. pound and 50 CZK per 1 us dollar.



§ 2.



Capital and interest loans negotiated according to section 1 of this Act, paid

they will be until the full repayment of all domestic collision

(Czechoslovak) taxes and charges, whether present or future.

Úpisům obligations of these accords orphan's safe.



§ 3.



Drawn bonds and borrowings contracted coupons payable according to section 1 of this

the Act will be accepted by the full postage value to paying domestic

(Czechoslovak) duties according to the respective foreign credit courses at the Prague Central Bursa

on the day preceding the payment.



§ 4.



The Minister of Finance shall be empowered, in order to guarantee the addition of interest and amortization of loans

negotiated according to section 1 of this Act, certain State income, if

terms for this purpose is stopped.



§ 5.



The Minister of Finance shall be empowered to funds received from credit institutions

operations under section 1 of this Act to pay the advance provided by the common

revenue in 1921 and 1922 for the purpose of investment program in 1921, and

1922, up to 1.400 Czk 5,000,000.



§ 6.



This Act shall take effect on the date of its publication and implementation mandates

the Minister of finance.



T. g. Masaryk in r.



Dr. Edvard Beneš in r.



A. N. r.