Law To Clean Up German Bonds Are Denominated In Foreign Currency

Original Language Title: Gesetz zur Bereinigung von deutschen Schuldverschreibungen, die auf ausländische Währung lauten

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Read the untranslated law here: http://www.gesetze-im-internet.de/auslwbg/BJNR005530952.html

Law to clean up German bonds are denominated in foreign currency (clean-up act for German foreign bonds - AuslWBG) AuslWBG Ausfertigung date: 25.08.1952 full quotation: "clean-up act for German foreign bonds in the in the Federal Law Gazette Part III, outline number 4139-2, adjusted version published recently by article 28 of the law of 23 July 2013 (BGBl. I S. 2586) has been changed" stand: last amended by article 28 G v. 23.7.2013 I 2586 for more information on the stand number you see in the menu see remarks footnote (+++ text detection from validity) : 1.1.1977 ++) this provision does not apply in the area referred to in article 3 of the Unification Treaty com. Encl. I Cape. IV Sachg. A section I no. 9 EinigVtr v. 31.8.1990 in conjunction with article 1 G v. 23.9.1990 II 885, 964 outline section I General principles of the clean-up procedure of foreign bonds, issuing country § 1 cleanup of foreign bonds § 2 conditions the recognition of article 3 determination Notices section 4 supporting documents section 5 repayment pieces § 6 account at the foreign agent § 7 foreign agents § 8 abroad saying bodies article 9 registration at the test centre § 10 bodies § 11 official list of recognised foreign bonds § 12 collective recognition section 13 performance ban § 14 replacement documents article 15 extracted from foreign bonds § 16 administrative and legal assistance article 17 receipt of registrations and declarations § 18 date § 19 informing the public article 20 section II account at the foreign agent registration, registration section 21 content of the application of section 22 template of the pending foreign bonds § 23 evidence § 24 competence of the foreign agent § 25 withdrawal of the application of article 26 recognition of foreign bonds § 27 refusal of recognition of section 28 remedies section 29 request for reconsideration of the rejection of article 30 request for court decision article 31 effect and implementation of the judicial decision of § 32 recourse to a Court of the country of issue section 33 agreed arbitration § 34 statutory arbitration § 35 measures in the final rejection of section 36
Section III account at the testing laboratory registration, registration section 37 of lawful acquisition section 38 content of the application of section 39 template of the pending foreign bonds § 40 evidence § 41 competence the test section 42 withdrawal of the application of section 43 recognition by the Review Board section 44 template to the Chamber for value paper cleanup article 45 opposition of the Exhibitor section 46 proceedings and decision of the Board value paper cleansing section 47 implementation of the decision paragraph 48 section IV double registration § 49 section V did not recognize foreign bonds , Compensation claims powerlessness unrecognized foreign bonds § 50 subsequent recognition article 51 compensation for foreign bonds that have become powerless section 52 claims for compensation from finding modest § 53 compensation claims for repayment pieces article 54 section VI collective recognition request for collective recognition article 55 investigation § 56 decision on the collective recognition of § 57 provisions section 58 section VII release securities conditions the release of section 59 enforcement of § 60 release desire effect the release decision of § 61 section VIII procedure costs § 62 reimbursement of expenses article 63 administrative fee article 64 provisions § 65 section IX supplementary provisions binding effect of decisions of § 66 exclusive Jurisdiction section 67 regulations § 69 mutatis mutandis applicable to liens and other rights of third parties on foreign bonds § 68 deliveries section 70 Chambers value paper cleansing section 71 decision-making powers of the Chairman of the Board for value paper cleanup § 72 majority of exhibitors section 73 of foreign bonds of the German Empire and of the former State of Prussia § 74- and export regulations § 75 provisions § 76 participation of § 77 issue country section X final provisions § 78 Land Berlin entry into force article 79 section I General principles of the clean-up procedure section 1 of foreign bonds , (1) foreign bonds within the meaning of this law are securities of the type listed in the directory (directory of foreign bonds) issue country. Issuing country of type of foreign bonds is considered to be the State specified in the directory.
(2)... section 2 cleanup of foreign bonds, foreign bonds remain valid only if they are recognized under this Act. For foreign bonds, which have not been recognized, are sections 50, 52 and 54.

§ 3 conditions of recognition (1) a foreign bond is recognised subject to § 6 in the examination proceedings, if he pursuant to §§ 7, logged 10 to test and submitted to closer regulation of §§ 23, 40 and if 1 the foreign bond was a foreign piece within the meaning of paragraph 2 or 2 the applicant of lawful acquirer in the sense of § 38 1, 2 is the foreign bond (legally acquired units) or 3. the applicant because of a domestic or abroad until May 8, 1945, including committed Withdrawal due to a no longer contestable decision one for the territorial scope of this Act competent authority or other agency granted back has been (refund units).
(2) a foreign bond is a foreign piece, if it included parts of Poland and Czechoslovakia including of the former protectorate of Bohemia and Moravia was on January 1, 1945, outside the borders of Germany according to State by December 31, 1937 (abroad), as well as outside Gdansk, Memels, in Austria and the on January 1, 1945 by Germany in its administration. Also a foreign bond which in paragraph 1 No. 3 designated type, if the decision on the refund because of an abduction perpetrated abroad has been rendered and the holder has his residence, habitual residence, seat or his principal place of business at the time of registration abroad is regarded as foreign units.

§ 4 determination notices for a foreign bond, which has been destroyed or can be submitted for any other reason no to registration entitled to recognition, a determination letter is granted subject to § 6 in the examination proceedings, if the foreign bond § 10 logged and if determined that the applicant is considered lawful acquirer in the sense of article 38, paragraph 3. The assessment decision granted the compensation referred to in section 53.

§ 5 supporting documents (1) legal consequences that result from this Act or comply with under this Act for a foreign bond, is stretching the root certificate as well as the supporting documents issued to you. This applies even if the supporting documents have been separated from the root certificate and the root certificate without the supporting documents to the examination procedure is applied.
(2) If a foreign bond along with the supporting documents issued to him in the examination procedure, suffice it no. 1 for the application of article 3, paragraph 1, that the supporting documents have been on January 1, 1945 in foreign countries with the exception of the areas specifically referred to in section 3, paragraph 2, sentence 1.
(3) the Federal Government may allow for certain types of foreign bonds by regulation, that supporting documents are logged independently for the recognition if they represent claims that can independently be asserted of the root certificate. Supporting documents, hereafter independently reported to the recognition is considered to be foreign bonds within the meaning of this Act.
(4) the Federal Government can also determine in a regulation pursuant to paragraph 3 that a decision extends on the recognition of the root certificate does not, or only under certain conditions on the supporting documents. In a decision that was made on the basis of such regulation, is to specify on which supporting documents you are not covered.

§ 6 (1) foreign bonds, the 1st of the exhibitors back purchased redemption pieces or purchased for his account or 2. by other persons, or for the account of other persons, who immediately liable as debtor for the claims under the bonds, to the liberation of their guilt have been are or 3 by the German Empire, the Reichsbank, the conversion fund for German external debts, the German gold discount Bank or on behalf of these bodies been purchased are , shall apply for the purposes of this act as acquired for redemption purposes and as a powerless (pieces of repayment). These foreign bonds are neither recognized nor a determination notice is issued for them; They entitle to compensation pursuant to § 54. (2) paragraph 1 does not apply to foreign bonds until May 8, 1945 including rights third are been debited, deposited as collateral for third parties or otherwise back into circulation. Paragraph 1 also does not apply to foreign bonds, which until May 8, 1945 including are been withdrawn from domestic or foreign.
(3) the persons referred to in paragraph 1 are obliged to cooperate in that foreign bonds, which referred to in paragraph 1, apply 2 as powerless, can be considered as eliminated. They recover the free disposition of the foreign bonds referred to in paragraph 2, they are obliged to use these bonds to pay off immediately.

§ 7 joining the foreign agent
(1) foreign bonds, which recognition is claimed pursuant to § 3 para 1 No. 1 (foreign pieces) are to sign in the designated foreign agent for the cleanup of German foreign bonds (§ 8).
(2) the sections 21 to 36 apply for the registration and the examination procedure.

Foreign agents (1) the Federal Ministry of finance and the Foreign Ministry order section 8 in agreement with the Federal Ministry of Economics and technology for each issue country, after it had agreed to a foreign representative for the cleanup of German foreign bonds (foreign agent). The foreign representative is for all foreign bonds of the issuing country responsible, for which he is appointed. The Federal Government can regulate notwithstanding the jurisdiction for certain types of foreign bonds by regulation.
(2) the Federal Ministry of finance exercises the supervision over the foreign agent, the agreement with the Federal Ministry of Foreign Affairs. It can transmit the immediate internal affairs in agreement with the Federal Ministry of Foreign Affairs of elsewhere. The foreign agent instructions in the way of supervision are not bound to make objective decisions on the recognition of foreign bonds.
(3) the Federal Ministry of finance and the Foreign Ministry may revoke the appointment of a foreign representative for important reasons in consultation with the Federal Ministry of Economics and technology. You may pronounce the withdrawal only in consultation with the issuing country; If there is danger in delay, they can prohibit provisionally the duties the foreign agent. The appointment of a foreign representative shall be revoked if the issuing country that is looking for.
(4) the foreign agent can operate in their activities of assistance of German and foreign experts, banks and other appropriate bodies.
(5) the appointment of the foreign representative and the termination of their duties are to announce in the Federal Gazette.
(6) the Federal Government may adopt by regulation supplementary provisions on the appointment and dismissal of the foreign agent as well as their official rights and duties.
(7) for a foreign representative permanent representative may be ordered. The business circle is determined by the foreign agent. In addition the rules applicable to the foreign agent apply for the permanent representatives accordingly.

By regulation the tasks of foreign representative whole or in part anywhere of abroad saying for the cleanup of German foreign bonds (foreign spell point) assigned to § 9 abroad saying bodies (1) that Federal Government can, which is referred to in paragraph 2.
(2) the foreign casting agencies consist of the foreign agent, a further foreign agent and a Chairman. The more foreign agents and the Chairman are ordered according to article 8, paragraph 1; they may only be dismissed after the issuing country has agreed to. In addition, section 8 subsection 3 sentence 3, 4, 5, 7 shall apply mutatis mutandis.
(3) the rules governing the proceedings before the foreign agent for the procedure before the international casting site shall apply mutatis mutandis. The foreign phrase place decides upon a match of two foreign agents without the Chairman. Not agree the foreign agent, so have to submit the matter to the Chairman to decide. You should comment expert here. The unanimous decision of the foreign representative or the decision of the Chairman has the same effect and is subject to the same remedies as the decision of a foreign agent.
(4) the Federal Government may adopt by regulation additional provisions on the establishment and the procedures of foreign spell points, as well as on the appointment, dismissal and the official rights and duties of its members.
(5) the Federal Government may delegate the tasks of foreign representative whole or partial somewhere else by regulation, which has been established by an agreement with the country of issue and configurations which corresponds to the international casting site.

§ 10 joining the inspection body (1) foreign bonds, whose recognition pursuant to § 3 para 1 No. 2 (legally acquired pieces) or according to § 3 para 1 No. 3 (refund pieces) is claimed, be reported to the competent testing authority (section 11). The same applies if a determination letter is claimed pursuant to section 4.
(2) the §§ 37 to 48 apply for the registration and the examination procedure.

§ 11 bodies (1) the issuer of foreign bonds have the banking supervisory authorities, in whose district they are located within three months after the entry into force of this law, in the cases of § 1 paragraph 2 within one month after entry into force of the regulation complementing the directory, to appoint a credit institution in the area of application of this act as testing. Exhibitor, is a credit institution's may nominate himself even as testing.
(2) the Review Board requires the confirmation by the banking supervisory authorities.
(3) the bank supervisory authority has to publicize the test immediately after the confirmation in the Federal Gazette.
(4) in the other are the sections 7, 51, 52 of the securities Cleanup Act of August 19, 1949 (WiGBl. P. 295) mutatis mutandis.
Footnote section 11, subsection 1, sentence 1 italic: Nonrepresentational empowerment § 12 (1) foreign bonds, which have been recognised pursuant to this Act, be official list of recognized foreign bonds, giving an exact description of their characteristics, in particular the track number, included in an official list. The same is true for supporting documents, which have been recognized independently (§ 5 para. 3). When extending the recognition of root certificate not on supporting documents (§ 5 ABS. 4), this is to specify.
(2) the official list is led by the Office for value paper cleanup and published in appropriate consequences in the Federal Gazette.
(3) the power of domestic and foreign authorities to arrange for their area of business that recognized foreign bonds or independently recognized secondary certificates through plants, stamp or in any other way are marked to make or only such documents to be admitted to the business transactions or trading, which are included in the official list or which recognition has been made otherwise recognisable remains unaffected by this law.

§ May 13 collective recognition of the Federal Ministry of finance in agreement with the Federal Ministry of Justice after closer regulation of (collective recognition) sections 55 to 58 all or certain foreign bonds, a kind of recognise. The recognition of the collective has the same effect as the recognition by the authorities otherwise by this Act.

Due to unrecognized foreign bonds provide only the § 14 performance ban issuer, trustee and paying agents are allowed, to which they are committed under this Act.

Section 15 (1) provisions, which can be declared a foreign bond for powerless or requires the issue of a replacement deed, affect replacement certificates.
(2) the replacement certificates are foreign bonds within the meaning of this Act. The original foreign bond and the replacement certificate issued to him are considered same certificate for the examination procedure. A replacement certificate, which is issued after January 1, 1945, is regarded as foreign units (article 3 para. 1 No. 1), if the original foreign bond on 1 January 1945 or, if the event applicable to the issue of replacement deed has occurred before, had; located at that time abroad with the exception of the areas specifically referred to in section 3, paragraph 2, sentence 1 Section 3, paragraph 2, sentence 2 shall apply mutatis mutandis.
(3) replacement documents for such foreign bonds, which were already recognized under this Act require any renewed recognition. At the request of the holder of the Office value paper cleansing you be included in the official list (section 12); for inclusion in the list is to refer to the recognition of already concluded.

§ 16 withdrawn foreign bonds (1) who claims for refund due to a domestic or abroad until to May 8, 1945, including withdrawn foreign bonds at an authority responsible for the area of application of this Act or other body has asserted, is entitled to the registration of the bonds in the examination proceedings, even though these claims not yet decided. The registration is as label registration a withdrawn foreign bonds. The testing procedure is suspended until of the claims asserted due to the deprivation is finally decided. If there are more applications because of the withdrawn foreign bonds, the procedure is also up to the decision of the claims asserted due to the withdrawal to suspend.
(2) paragraph 1 shall apply mutatis mutandis for the power to require a determination notice, if a foreign bond has fallen into loss after the withdrawal.
(3) final decisions of the authorities responsible for the area of application of this Act or any other body through which the restitution of withdrawn foreign bonds or the delegation of power referred to in paragraph 2 is arranged, are binding for the examination procedure.

Article 17 administrative and legal assistance (1) the competent law authorities and other bodies have to provide assistance. Fees and expenses for the granting of assistance will not be refunded.
(2) the foreign agent can ask the courts to the hearing of witnesses and experts, as well as the gathering of other evidence. The sections 157, 158, 159 para 1 sentence 1, paragraph 2, sections 160, 164, 165 of the courts act shall apply mutatis mutandis; the request can also be addressed the Chamber value paper cleansing in whose district the exhibitor has its seat or the official act is to be made. The provisions of the law on the procedure in family matters and in matters pertaining to apply to the evidence of voluntary jurisdiction according to; the requested court decides on the questions, its ruling is otherwise reserved to the requesting court.
(3) in a proceeding under this Act, the courts can set requests for legal assistance to the Chamber for value paper cleanup in whose district the exhibitor has its seat or the official act is to be made.

§ 18 is receipt of notifications and declarations (1) If an applicant outside the scope of this Act to stop, he can sign or other explanations that submit are when a foreign agent or a testing laboratory, submit the foreign representative who ordered for the area in which the applicant is on. No foreign representative for this area is ordered, so the applicant can submit the Declaration by a competent consular authority of the Federal Republic of Germany. Also such a body does not exist, he may submit the statement after his election when any foreign agent or any consular authorities of the Federal Republic of Germany or the inspection body.
(2) the bodies referred to in paragraph 1 have to forward the declarations received by them without delay according to the instructions of the applicant. Missing such an instruction, a declaration received by a consular authority in the relevant foreign representative or the competent inspection body shall forward; a statement received by an incompetent foreign agent is according to § 25, to treat a declaration received by the testing laboratory according to § 42.
(3) time limits, has to observe that the applicant make of a declaration against a foreign agent or a testing laboratory, are protected, if they have been met over an competent under paragraph 1. Is an application within the applicable deadlines (article 21, para. 1, 2, § 37 para 2) to a referred to in paragraph 1 sentence 3 competent authority sent have been, these deadlines are also maintained if registration is received within three months after its expiration at this point.
(4) paragraph 3 shall not apply for the filing of appeals or other remedies and for renewed registrations according to article 21, para. 3, 4, § 37 para 3. footnote § 18 para 3 sentence 2 italic: Nonrepresentational empowerment § 19 date (1) as date within the meaning of this Act shall apply to the species listed in the directory of foreign bonds from foreign bonds the first day after the expiration of six months after the entry into force of the Act.
(2) and (3)...
Footnote § 19 para 1 italic: now September 1, 1953 gem. § 1 of 7 AuslWBDV 4139-2-7; CF. § 1 of 9 AuslWBDV 4139-2-9 § 20 public information the Federal Ministry of finance takes the necessary measures to the public, particularly in Germany and the issuing countries, to refer to this law and the rights arising from it for the holders of foreign bonds and obligations and the consequences of a failure to comply with the provisions of the Act in an appropriate manner.
Section II account at the foreign agent section 21 application deadline (1) a foreign bond, whose Anerkennung is claimed, on the grounds that he a foreign piece (section 3 para 1 No. 1), is to carry out the due diligence process within one year of the date (§ 19) at the designated foreign agent (section 8, paragraph 1) in writing to log on. The registration can be made within another two years after expiry of the period referred to in sentence 1, if the applicant proves that an earlier application without their own gross negligence is there have been no.
(2) ...
(3) is the recognition of a foreign bonds, which was applied at a testing centre by final decision been rejected, so this bond at the designated foreign agent cannot be registered again if the recognition is now claimed referred to in paragraph 1 sentence 1. This registration is allowed only within three months after the date in which the refusal has become final. The expiration of the periods referred to in paragraphs 1 and 2 only excludes the renewed registration, if the recognition in the former procedure was already been rejected due to late registration.
(4) paragraph 3 shall apply mutatis mutandis if a foreign representative has rejected the recognition on the grounds that an other foreign agent is responsible. The foreign agents, in which the new account is made, has the foreign agent, which had rejected the recognition of the renewed registration must immediately notify.
Footnote section 21 para 1 italic: now until expiry of the 31 August 1956 gem. § 1 of 8 AuslWBDV 4139-2-8, § 1 10 AuslWBDV 4139-2-10 and § 1 11 AuslWBDV 4139-2-11 § 22 (1) of the application in the application are the name and first name (the company), as well as the address of the applicant to specify.
(2) the registered foreign bond is according to its characteristics, in particular the track number, exactly. The facts that are significant for the registration are quoting or insert the evidence to present.
(3) a registration, the individual requirements of paragraphs 1, 2 or not completely corresponds to, is nevertheless effective if it sufficiently identify the applicant and the registered foreign bond. The duty of the applicant to supplement the registration or to correct, shall remain unaffected.
(4) the foreign representative immediately shows the registration of foreign bonds, specifying its characteristics, in particular the track number, the testing laboratory, the exhibitors and the Trustees and paying agents. The applicant should attach the required copies his application.

Article 23 template of the pending foreign bonds (1) is the foreign bond to submit the foreign agent registration, who takes him in custody.
(2) the foreign bond can be deposited in a suitable place, ensure, that released the bond only with the consent of the foreign agent and to be requested at any time or after its use a different foreign agent or a testing laboratory issued. The applicant has to teach a certificate of the filing and securing with the application in which the foreign bond is exactly according to its characteristics, in particular the track number.
(3) if the foreign bond or the certificate provided for in paragraph 2 at the same time with the registration is submitted, the foreign agent has to set a reasonable time limit for the submission of the applicant. The recognition to reject, if the template is not been completed until the decision is after the deadline.
(4) the foreign representative may authorize an of paragraphs 1 to 3 different procedure in individual cases if a threat to cleanup is not to get. He can do depend on the approval of terms or conditions.
(5) the Federal Government can for certain kinds of foreign bonds by regulation make more detailed regulations for the implementation of paragraphs 1 to 4 and in particular arranged that a deposit is permitted pursuant to paragraph 2 only at certain places.

§ 24 evidence (1) the applicant must prove that the conditions for the recognition of registered foreign bonds through the foreign agent are given. It may be, any means of proof, in particular public documents, certificates of a bank or a broker as well as documents insurance or other forms of taxation operate.
(2) is to give the opportunity to comment on the application and to teach evidence the issuer and the paying agents and Trustees.
(3) the foreign agents can do investigations without prejudice to the applicant's onus, he considers necessary for the investigation of the facts of the case. He may impose upon the production of certain documents or the provision of other appropriate evidence the applicant for this purpose. There is reason to believe that a foreign bond can not be recognized according to § 6, so the foreign agents should inform the applicant of the facts and evidence on which this belief is based on and give him the opportunity to rebut this presumption.
(4) the Federal Government can determine for certain kinds of foreign bonds by regulation that facts which are essential for the recognition are evidenced by certificates or documents of certain type or can be proven only by documents or documents of particular type.

25 § lack of competence of the foreign agent
(1) the foreign representative for an application made to him is not responsible, so handing over the registration to the competent foreign representative or the competent inspection body. The applicant is to give the opportunity to comment on the proposed measure. The levy is inadmissible if the applicant is contrary to you within a reasonable time limit set by the foreign agent; in this case, the foreign agent rejects the recognition and indicates the applicant the possibility of a renewed application the competent foreign agent (§ 21 para 4) or the inspection body (§ 37 para. 3).
(2) the decision of the foreign agent about the tax is final. The application deadline is considered to be maintained if it was maintained, taking into account the § 18 compared to the foreign agent has declared incompetent.

Article 26 withdrawal of the application (1) which applicant may sign only take back, as long as the foreign representative has not yet decided about it.
(2) the foreign representative notifies the testing laboratory, the issuer and the trustee and paying agents by the withdrawal of the application, and returns the foreign bond or prompted his release.

§ 27 recognition of foreign bonds (1) which recognizes foreign agents on the pending foreign bond if it considers the application according to the requirements arising from article 3 para. 1 No. 1 in free appreciation of all relevant circumstances justified.
(2) on the recognition of foreign agents granted a recognition decision in which the foreign bond to denote exactly is according to its characteristics, in particular the track number, the applicant. The foreign agents notified the testing laboratory, the issuer and the trustee and paying agents of the recognition, prompted the inclusion of foreign bonds in the official list (§ 12) and returns the bond or causes its share.

Section 28 refusal of recognition (1) which rejects foreign agents subject to the section 25 the recognition of registered foreign bonds from if he considers a recognition by him in free appreciation of all significant circumstances not given the conditions.
(2) the foreign representative has the decision to give reasons in writing.
(3) the decision of the foreign agent is the applicant with its grounds by registered letter against acknowledgement of receipt, or in any other form, which proves the date of receipt where the applicant to communicate; the applicant should be informed of the remedies available to him. The testing laboratory, the exhibitors and the trustee and paying agents are to notify the opposition.

§ 29 remedies (1) the decision by the foreign agent recognizes a pending foreign bond is incontestable.
(2) against a decision opposed the recognition, remedies available to the applicant only according to the provisions of this Act (sections 30, 31, 33 and 35); the applicant has the choice among several allowed appeals. The decision will be binding once it has become final. Article 21 par. 4 and § 37 para 3 shall remain unaffected.

Article 30 request for reconsideration of the rejection of the applicant may, if he puts forward new facts or evidence within two months after receipt of the negative decision, but no later than four months after his sending off, the review of the refusal by the foreign agent request, unless, of course, that the recognition because of failure to comply with the time limits of article 21 has been rejected. The regulations on the registration and the examination procedure shall apply mutatis mutandis to the request for reconsideration of the rejection. Same remedies as against the original rejection stand to the applicant against a decision with which the foreign representative maintains the refusal of recognition, the request for reconsideration, however, cannot be repeated.

§ 31 challenging rejection of foreign representative at the Chamber for value paper cleanup, in whose district, the exhibitor is domiciled, request for judgment (1) the applicant with the application for judgment.
(2) the application for judicial decision is within three months after receipt of the negative decision, but no later than six months after his sending off at the Chamber for value paper clean-up or when the foreign agent, whose decision is contested in writing. The application to a local incompetent Chamber arrives, so she handing it over to the locally competent Chamber value paper cleansing. The decision on the sale is final. The period for requesting judicial decision through the entrance at the incompetent local Chamber as maintained. Section 22 shall apply mutatis mutandis for the content of the application. The Chamber value paper cleansing shall send a copy of the application for the foreign agent, the testing laboratory, the exhibitors as well as the Trustees and paying agents. The applicant should attach to his application the necessary copies.
(3) may be granted only the request, after opportunity has been given the exhibitors as well as the Trustees and paying agents to express themselves and to teach evidence. In addition the rules governing the proceedings before the foreign agent relating to the proceedings mutatis mutandis.
(4) the Board considers the applicant to be well-founded, to value paper cleanup so it finds in its decision that the conditions required by this Act for recognition are available. The Chamber value paper cleansing may this statement also be, when foreign bond in an incompetent foreign agent was applied or because although not in section 3 para 1 No. 1, but that in section 3 para 1 No. 2, 3 referred to where requirements are for recognition of registered foreign bonds. In all other cases, the Chamber value paper cleansing rejects the application on judicial decision. If the motion is carried back, is the procedure to set; the request for court decision deemed in this case not.
(5) the decision of the Board value paper cleansing is to justify in writing and to provide to the applicant, as well as the exhibitors. The foreign agent, the testing laboratory and the trustee and paying agents are to inform of the decision. The legal force of the decision communicated to the foreign agent is also.
(6) against the decision of the Board value paper cleansing, the immediate appeal that according to section 34 of the securities Cleanup Act of August 19, 1949 (WiGBl. is the applicant and the Exhibitor P. 295) competent higher regional court to. The immediate appeal is the Chamber value paper cleansing within three months in writing or to the Court of Office to submit. The appeal period starts with the notification of the decision to the complainant; against their non-observance, held no restitutio in integrum. When filing the complaint with a notice of appeal must be signed by a lawyer or by a credit institution within the territorial scope of this Act. The appeal may be based on new facts and evidence. In addition the rules governing the proceedings before the Board value paper cleansing apply to appeal proceedings mutatis mutandis. Another complaint does not take place.

§ 32 effect and implementation of the judicial decision (1) is found in made a decision according to § 31 para 1 request that the conditions required by this law for the recognition of registered foreign bonds are available, so the foreign agent has to take the measures referred to in section 27, if the decision has become final.
(2) in determining the determination referred to in paragraph 1 not applied, the decision of the foreign agent with the legal force of the decision is binding. Article 21 par. 4 and § 37 para 3 shall remain unaffected.

§ 33 seising a Court of the country of issue (1) can a Court of the country of issue to deciding call the applicant under the applicable foreign law, whether there are the conditions required by this law for the recognition of registered foreign bonds by the foreign agent, § 32 on the level on this issue decision to apply if 1 the Court within the time limits referred to in article 31, paragraph 2, sentence 1 has been invoked it , 2. the procedure has been established against the exhibitor as involved, 3. except the Exhibitor opportunity has been given also the Trustees and paying agents to express themselves and to teach evidence, and 4 section 24 para 1 of the burden of proof be the applicant at least mutatis mutandis has been applied is.
(2) the foreign representative is authorized and obliged to accept deliveries for the exhibitors in the process as long as he has ordered no ad litem in the issuing country.
(3) the foreign representative nor the exhibitor can object in the case of paragraph 1 of the exercise of the jurisdiction of the issuing country.

§ 34 agreed arbitration for an arbitration, the applicant and the exhibitor himself to the shall apply accordingly § 33.

§ Decisions of foreign agent ablehnender 35 statutory arbitration (1) for the review be established arbitration courts.
(2) the Federal Government regulates the establishment, the procedure, jurisdiction and the occupation of the Arbitration Ordinance. The establishment may be waived if there is no need for this in a country of issue.
(3) the applicant may request the review of a negative decision of the foreign representative at the Arbitration Court established pursuant to paragraph 1 within the time limits referred to in article 31, paragraph 2, sentence 1. Arbitration courts determine their procedures by way of analogous application of § 31 discretion unless not determined otherwise in a regulation adopted pursuant to paragraph 2. Article 33, paragraph 2 shall apply mutatis mutandis. The arbitration decisions are final; section 32 is to apply to them.

§ To note the refusal on the pending foreign bond 36 measures in the final rejection (1) who has foreign agents, if his decision is binding, subject to paragraph 6, to devalue the bond through holes and then return it. Is the foreign bond have been deposited, so the foreign representative may request the depositary institution to carry out of the measures referred, if its implementation is ensured. Of the measures, the foreign agent notifies the testing laboratory, the applicant, the issuer and the trustee and paying agents.
(2) the foreign representative has after the expiration of three months from the receipt of his negative decision where the applicant or, if the input does not prove, after the expiration of six months after their dispatch the applicant to urge to prove the filing of an appeal referred to in this law, unless that filing such an appeal is already known to the foreign representative. The applicant to comply with this request within another four months and is also in this time not known the foreign agent, that the applicant has lodged an appeal, so the foreign agents can look at his decision as binding. When prompted to provide evidence of the appeal, the applicant on this legal consequence is noted.
(3) the foreign agents can his decision after seven months since their entrance where the applicant also then as binding see, if he the applicants already in the notification of the decision (§ 28 para 3 sentence 1), asked to prove any filing of an appeal referred to in this law, and if the applicant of this request is not fulfilled, unless , that of appeal; otherwise known the foreign agent Paragraph 2 sentence 3 shall apply mutatis mutandis.
(4) if the applicant has to inform the foreign agent to request the State of play of a judicial remedy provided by him and him to prove the result of this process through submission of documents. The applicant does not fulfil the request of the foreign representative within a set reasonable period, the overseas agents can look at his decision as binding. At the prompt to tell the status of the proceedings, the applicant on this legal consequence is noted.
5) paragraph 4 shall not apply if the applicant has called the decision of the Chamber value paper cleansing or a statutory tribunal or the foreign representative is otherwise, in particular by request of the Exhibitor, in the position to teach without the participation of the applicant on the State of play.
(6) the foreign representative may make the measures referred to in paragraph 1, if the foreign bond is registered again according to § 21 para 4 or § 37 para 3 a different foreign agent or the inspection body. In this case, only the place of the renewed registration has been carried out, is responsible for the measures referred to in paragraph 1.
Section III registration at the test centre section 37 application deadlines (1) a foreign bond, 1 whose Anerkennung is claimed, on the grounds that he a piece of legally acquired (article 3, paragraph 1 No. 2) or a piece of refund (was section 3 para 1 No. 3), or 2 for which a determination notice (paragraph 4) is claimed, is writing to log on to the examination procedure at the testing laboratory (section 11).
(2) the apply for the application in article 21, paragraph 1, 2 designated deadlines. The extension of a time limit under § 21 para 2 applies only to applications referred to in paragraph 1 No. 1 (3) is the recognition of a foreign bonds was been registered with a foreign agent, by no longer challengeable decision been rejected, so this bond at the testing laboratory can be registered again for the recognition, if now the recognition is sought pursuant to paragraph 1 No. 1. This registration is allowed only within three months after the date in which the refusal has become binding. The expiration of the period referred to in paragraph 2 excludes the new account only if the recognition in the former procedure was already been rejected due to late registration.
Footnote § 37 para 2 italic: Nonrepresentational authorization section 38 of legal purchase (1) lawful acquirer of overseas bonds, whose Anerkennung pursuant to § 3 para 1 No. 2 claimed, is the owner or co-owner, if he has acquired the ownership or co-ownership of the bond 1 at the latest on 1 January 1945 or 2 due to a in the period from January 1, 1945 until May 8, 1945, including legal transaction concluded on a stock exchange or in the banking or 3. as a result of legally effective measures taken by the authorities the scope of this law or of the occupation forces of the Federal Republic of Germany after 1 January 1945 or 4 on the basis of a continuous series of civic legal right purchase for a person who was the owner or co-owner on 1 January 1945 or that happened on the basis of number of 2 or 3 owner or co-owner; the series is considered to have been interrupted, if a purchase is based on the provisions on the legal acquisition of the unauthorized.
(2) lawful acquirer of overseas bonds, whose Anerkennung is claimed pursuant to section 3 para 1 No. 2, the foreign bond considered the, or its legal predecessor continuously at least since is was held January 1, 1945, to signing with credit institutions within the scope of this Act. Is the foreign bond for several been held, each of them is regarded as lawful acquirer.
(3) as the lawful acquirer of bonds of of foreign, for which a detection notification according to § 4 is claimed, applies, who at the time was his loss of the owner within the meaning of paragraph 1, unless, of course, that after him another legally acquired ownership of the bond referred to in paragraph 1. Foreign bond more as community property State, each co-owner also for the other co-owner can take before the registration.

§ 39 are content of the application (1) in the application the name and first name (the company), the address and the profession of the applicant to specify. This information during registration by an agent not or only under particular difficulties are possible, the reasons to explain and specify other facts that provide a sufficient for the purposes of this Act determine of the applicant's should be.
(2) the registered foreign bond is according to its characteristics, in particular the track number, exactly; If this is not possible in a foreign bond, for which a determination letter is claimed, are the reasons to specify. The facts that are significant for the registration are quoting or insert the evidence to present.
(3) a registration, the individual requirements of paragraphs 1, 2 or not completely corresponds to, is nevertheless effective if it sufficiently identify the applicant and the registered foreign bond. The duty of the applicant to supplement the registration or to correct, shall remain unaffected.
(4) the Review Board immediately shows the registration of foreign bonds, detailed specifying of its characteristics, in particular the track number, the foreign agent, the issuer as well as the Trustees and paying agents. The applicant should attach the required copies his application.

§ 40 template of the pending foreign bonds (1) which is foreign bond to submit with the application of the testing laboratory, except that where the applicant claims a determination notice according to § 4. The Department takes the foreign bond in custody.
(2) the foreign bond can be deposited in a suitable place, ensure, that released the foreign bond only with the consent of the inspection body and upon your request at any time her or will be issued after its determination of an other body or a foreign agent. The applicant has to teach to describe exactly where the foreign bond is according to its characteristics, in particular the track number, a certificate of the deposit and ensuring registration.
(3) if the foreign bond or the certificate provided for in paragraph 2 at the same time with the registration is submitted, the Review Board has to set a reasonable time limit for the submission of the applicant. After the deadline, the registration of the competent Chamber for value paper cleanup (article 45) shall be provided, which rejects the recognition, if the template is not been completed until the decision.
(4) the Review Board may authorize an of paragraphs 1 to 3 different procedure in individual cases with the consent of the bank supervisory authority if a threat to cleanup is not to get. She can do depends on the approval of terms or conditions.
(5) § 23 para 5 shall apply.

Section 41 has evidence of the applicant to prove that the conditions for the recognition of registered foreign bonds or for issuing a notice of determination are given. If he claimed a determination notice, he has to make that and under what circumstances, the pending foreign bond is destroyed or for whatever other reason the bond can be presented by him, nor by an other on login authorized in the examination process. In addition, article 24 shall apply mutatis mutandis.

Section 42 the Review Board for an application received by her lack of competence of the inspection body (1) is not responsible, so she are logging to the competent body or the competent foreign agent. Before submitting to a foreign agent to give the applicant the opportunity to comment on the proposed measure is. The sale to the foreign representative is inadmissible if the applicant is contrary to you within a reasonable period set by the testing laboratory; in this case, the testing laboratory shall submit registration the competent Chamber for value paper cleanup (article 45), which rejects the recognition subject to § 47 para 4 sentence 2 and indicates the applicant the possibility of a renewed registration in the designated foreign agent (§ 21 para. 3).
(2) the inspection body of the levy's decision is final. The deadline for registration is considered to be maintained when it was maintained under consideration of section 18 to the inspection body, has declared to be incompetent.

§ 43 can withdraw the application only withdrawal of the application (1) the applicant, as long as the testing laboratory (section 44) recognized the foreign bond nor has the Chamber chosen to value paper cleanup through the submitted her application (§ 45).
(2) the review board notified the foreign agent, the issuer and the trustee and paying agents by the withdrawal of the application and will return if it has been submitted, the foreign bond or prompted his release. Was the application already referred to the Board for value paper cleanup has been, the withdrawal of the application is so immediately to submit to.

§ 44 recognition by the testing laboratory can (1) the test subject of the section 45 to one according to § 37 para. 1 No. 1 pending foreign bond acknowledge, when under the application in section 3 para 1 No. justified keeps the 2, 3 conditions referred to and proof by authentic instruments from the scope of this Act, or by certificates of credit institutions within the scope of this Act which the applicant is provided; § 25 para 1 No. 1 of the securities Cleanup Act of August 19, 1949 (WiGBl. P. 295) and § 3 of the law on the amendment and supplementation of the cleanup Act of 29 March 1951 (Bundesgesetzbl. I p. 211) shall apply mutatis mutandis.
(2) on the recognition, the Review Board granted a recognition decision in which the foreign bond to denote exactly is according to its characteristics, in particular the track number, the applicant. The decision shall also specify, according to which regulations and on the basis of what evidence the testing laboratory has kept the recognition to be well-founded, and contain the hint that the Exhibitor against the decision can appeal (§ 46) within one month.
(3) the recognition decision is communicated to the Exhibitor by registered letter against acknowledgement of receipt. The foreign agents as well as the trustee and paying agents are to notify of the recognition.

Article 45 template to the Chamber for value paper cleansing the body presents the registration after making the necessary investigations with their opinion of the Chamber competent for the seat of the issuer value paper cleansing, 1 if it considers the requirements for recognition pursuant to section 44 subsection 1 not for given, 2. If in the case of § 44 para 1 not even acknowledge or 3. If a notice of assessment is claimed or 4 If there are multiple applications because of the same foreign bonds or for the logged-on Foreign bond already a determination notice is issued or 5 If the bank supervisory authority has ordered the template or 6 If the application relates to own stocks of the credit institution operating as a testing laboratory.

§ 46 opposition of the Exhibitor (1) has the Department recognized a foreign bond, so the objection is to the Exhibitor against this decision. The opposition is to put in writing within one month at the testing centre; the period begins with the receipt of the decision at the exhibitor.
(2) the Review Board shall provide the opposition with the required documents and their response of the Association value paper cleansing (§ 45). The foreign agent, the applicant and the trustee and paying agents are to the Office by the filing of the opposition to notify. The Exhibitor should add the required copies his opposition.
(3) the Exhibitor may withdraw the objection as long as him not yet is been decided; Paragraph 2 apply correspondingly set 2 and article 43, paragraph 2, sentence 2.

§ 47 procedure and decision taken by the Chamber for value paper cleanup (1) the Board value paper cleansing decides on the applications and objections presented to her by the inspection body.
(2) sections 41, 42 shall apply mutatis mutandis to the proceedings before the Board for value paper cleanup.
(3) the applicant takes back the login or the Exhibitor the opposition, the Chamber value paper cleansing adjusts the procedure.
(4) if the Board value paper cleansing detect a login with the pursuant to § 37 para 1 No. 1 the recognition of an international bond is claimed, to in article 3, paragraph 1 No. keeps the 2, 3 designated prerequisites to be well-founded, it the pending foreign bond's. She can also acknowledge the pending foreign bond if while in section 3 para 1 No. 2, 3, but that in section 3 para 1 No. 1 designated prerequisites for recognition are. The recognized foreign bond is in the decision according to its characteristics, in particular the track number, just to call.
(5) if the Board considers a registration with the according to § 37 para. 1 a determination letter claimed no. 2, to value paper cleanup according to § 4 to be well-founded, it finds that the applicant as the lawful acquirer of is according to its characteristics, in particular the track number, as accurately as possible to significant foreign bonds.
(6) if the Board considers the requirements for recognition or a determination notice not for given value paper cleansing, she refuses the recognition or the granting of a determination decision.
(7) in the proceedings on the appeal of the Exhibitor, the Chamber for value paper cleanup, if it rejects the recognition (paragraph 6), at the same time revokes the recognition decision of the inspection body. An unfounded objection must be rejected.
(8) the decision of the Board value paper cleansing is in writing; When a determination notice should be when and under what circumstances the foreign bond is lost and where he was at the time of the loss of specified in the explanatory statement also. The decision is make to the applicant and the exhibitor. The foreign agent, the testing laboratory and the trustee and paying agents are to inform of the decision. The legal force of the decision to inform the inspection body is also.
(9) for disputing the decision of the Board value paper cleansing, article 31, paragraph 6 shall apply mutatis mutandis.

Article 48 implementing decision (1) is a foreign bond recognised by no longer challengeable decision, so the body causes the inclusion of bonds in the official list (§ 12) and returns the bond or prompted his release.
(2) the inspection body which may in time be reported on the basis of that provision in § 36 para 1 called measures, once it is clear that foreign bond not again is applied according to article 21, para. 3 is the recognition have been rejected, so meets.
(3) the proceedings before the Board for value paper cleanup because of withdrawal of the application have been hired the Verifier returns the foreign bond or prompted his release.
Section IV dual registration section 49 (1) are for the same overseas bond both the recognition and the issuing of a decision of finding claimed, so the following applies: both applications at the same location are pending 1, so they are to be connected to common decision.
2 registrations at different locations are pending, the registration with a determination letter is claimed, should be suspended until a final decision on the application, the claimed recognition.
3. a determination letter shall be no longer issued, where is the foreign bond already recognized through an unappealable decision or determined if by such a decision pursuant to §§ 31, 33-35, that the preconditions for the recognition of the bonds are given.
(2) the decision on an application with a determination letter is claimed, suspended No. 2 referred to in paragraph 1, is the applicant in the proceedings on recognition to participate, if he so requests.
(3) paragraphs 1 and 2 shall apply mutatis mutandis if multiple applications are pending, claimed finding decisions that relate to the same overseas bond. Registration at the Chamber of value paper cleansing as well as at the Court of appeal is pending, is pending applications to decide on the appeals court. If by final decision already an observation permit has been granted, no further shall be issued for the same overseas bond more.
(4) does not affect the existing between several applicants according to the provisions of general law claims remain 1 and 2 the power of the authorities under this Act, to stay the proceedings, is set up by a final decision of the Court of otherwise competent, which the applicant in relation to each other is to unused foreign bond.
Section V unrecognized foreign bonds, compensation claims 50 powerlessness unrecognized foreign bonds (1) foreign bonds, which have been reported until the end of the applicable deadlines (article 21, paragraph 1, sentence 2, para 2, § 37 para 2) not to recognise or whose booking has been taken back and not reviewed before the expiry of the deadline, are powerless at this point.
(2) foreign bonds, which are applied within the designated period for the recognition which recognition has been rejected but finally be § 48 with the cancellation pursuant to § 36 para 1, para 2 powerless. The foreign bonds were not according to §§ 23, 40 have been submitted or their cancellation for any other reason you can not perform, so they are powerless at the time, to the foreign representative or the Office would not be entitled under the provisions referred to in sentence 1 to the devaluation, but before the applicable deadlines (paragraph 1).
(3) article 6, paragraph 1 shall remain unaffected.

§ 51 subsequent recognition (1) foreign bonds, which have become powerless according to article 50, paragraph 1 or article 50, paragraph 2, sentence 2, can be registered subsequently closer accordance of paragraph 2 to the recognition, failure to logon the beneficiaries of the §; the 21, 37 designated deadlines without fault of their own in the section a determination letter may not be claimed.
(2) a foreign bond, whose Anerkennung claims referred to in paragraph 1, is to login at the testing centre. Registration shall be provided in every case the Chamber value paper cleansing. Foreign bond may only be accepted if rejection would represent an extraordinary hardness against the owners of the bonds of recognition even under consideration of the circumstances of the issuer; the ability to assert claims for compensation according to § 52 stands alone, the adoption of an extraordinary hardness not invalidated. The recognition is not allowed, as soon as the rights that are founded to secure the claims of the foreign bond, have been released according to sections 59 to 61. The relating to timely registration provisions of this Act apply for registration and the examination procedure and the recognition the rest accordingly.
(3) is a subsequently registered foreign bond has been recognized legally, which shall apply in article 50, paragraph 1, 2 sentence 2 referred to legal consequences for these foreign bond as a non-runner.

§ 52 claims for compensation for that have become powerless foreign bonds (1) the one according to § 50 para 1 or § 50 para 2 sentence 2 of foreign bonds have become powerless is legitimate holder available against the issuer and such third parties, which as debtors for the claims from foreign bonds of the kind concerned directly liable, a compensation claim to, if the bond with timely notification by the owner or his legal predecessor would be recognized, the failure to meet of the deadline does not on its own gross negligence is based. On the basis of the claim for compensation the person entitled may require the services to which the exhibitor and the others for recognition of foreign bonds would be obliged; However, rights which have been established to secure the claims of the foreign bond or for Exchange pieces to be justified, can be taken because of the compensation claim not to complete. The compensation claim can be brought as far as the claims of holders of recognized foreign bonds would be affected.
(2) the compensation claim can only be asserted after legally, it has been determined that his conditions are met. Only the Board value paper cleansing is responsible for determining, in whose district the exhibitor is domiciled. The procedure takes place only upon request; Rules governing the procedures of §§ 37 to 48 shall apply mutatis mutandis. Should the claim against a third party be claimed, so this is to same extent as the Exhibitor involved and empowered to the appeal.
(3) the exhibitor and any third parties referred to in paragraph 1 are committed to reasonable provisions for the case of a claim referred to in paragraph 1.

Article 53 compensation claims determination notices (1) on the basis of a determination decision (articles 4, 47 paragraph 5) is entitled to the applicant against the issuer and such third parties who directly are liable as debtor for the claims from foreign bonds of the species, a compensation claim. § 52 para 1 sentence 2 and 3 applies to the right to reparation. He can only be asserted after the foreign bond, to which refers the determination decision, has become powerless to § 50 or, if no specific foreign bond is referred to in the notification, the registration applicable to foreign bonds of type of (article 21, paragraph 1, sentence 2, para 2, § 37 para 2) have expired.
(2) the exhibitor and in paragraph 1 set may require 1 designated third parties that reduced their obligations arising from paragraph 1 to the amounts they must pay to holders of foreign bonds even though the bond determination notices had been issued. The cuts must be initially on compensation claims arising from such determination decisions, where foreign bond in loss is referred to only by its general characteristics, besides in the same proportion. Cuts are prohibited insofar as the exhibitor or third parties due to the effects of the law are enhanced.
(3) the granting of a detection decision does not preclude the subsequent recognition of the underlying foreign bonds or enforcement of compensation claims under section 52.
(4) the detailed regulations in paragraphs 1, 2, designated claims and powers remains subject to a special law. Before this law is adopted, the exhibitors and the are not required in paragraph 1 sentence 1 designated third party for services on assessment notices.
Footnote section 53, subsection 1, sentence 3 italics: Nonrepresentational empowerment § 54 compensation claims for repayment pieces (1) the in article 6, paragraph 1 No. 2, 3 designated persons, their foreign bonds are considered powerless against the issuer and such third parties who directly liable as debtor for the claims from foreign bonds of the kind concerned, compensation to, if according to the otherwise applicable provisions of this Act had can claim recognition of the bonds or a notice of determination. This does not apply as far as the beneficiaries have already received the equivalent due to them or the enforcement of foreign bonds through it for some other reason would be excluded.
(2) article 53 shall apply mutatis mutandis; for the compensation they should also as far as not claimed are §§ 52 as this deterioration of compensation claims after, 53 would lead, and are excluded insofar as their consideration would entitle the exhibitor or third parties according to § 53 para 2 to cuts. Payments in foreign currency may not be made on the compensation claims.
(3) the more the arrangements in paragraphs 1, 2 designated compensation claims para remains reserved 4 designated law in § 53. Article 53, paragraph 4, sentence 2 shall apply mutatis mutandis.
Section VI collective recognition article 55 application for collective recognition (1) collective recognition (article 13) is allowed only if the Exhibitor requests it. The application is to the Federal Ministry of finance in writing within three months after the entry into force of this Act. After expiry of this period, the application can be made only if an earlier application could be expected to the exhibitor. This does not affect the obligation of the Exhibitor, to designate an testing organization, pursuant to section 11.
(2) the request referred to in paragraph 1 shall be justified, enclosing the necessary documentation and evidence. In particular, to specify where the foreign bonds are probably is.
(3) the Federal Ministry of finance informs the piece numbers of foreign bonds the foreign agent and the inspection body whose collective recognition the exhibitor has applied for pursuant to paragraph 1. As long as the application not yet is been decided, declarations that the recognition of these foreign bonds is claimed may be not rejected and not issued assessment notices for them.

To prepare its discretion, investigations make decision on the application for recognition of collective and the Exhibitor the submission of documents or the provision of other evidence investigation (1) that Federal Ministry of finance may impose article 56.
(2) the Federal Ministry of finance should demand through public notices or in any other appropriate way in loss, within a certain period in writing to show troubled foreign bonds see as giving an exact description of their characteristics, notably the track number. The prompt can be avoided if it appears impractical.
(3) when the investigation referred to in paragraph 1 can claim the Federal Ministry of finance law and assistance by the authorities to same extent as a foreign representative under this Act and is to help of the body use. It can instruct subordinate federal agencies with independent preparation of the decision.

§ 57 decision on the collective recognition (1) the Federal Ministry of finance will decide in agreement with the Federal Ministry of Justice on the application for recognition of collective moderate duty and discretion.
(2) foreign bonds, which are reported on a prompt according to § 56 para 2 as recommended in loss, should not be involved in collective recognition, unless that loss is clearly unfounded or the interests of the beneficiaries in any other way are maintained.
(3) the decision by the, whole or in part the application for recognition of collective is successful, is the issuer, to inform the foreign agent and the testing laboratory and the Trustees and paying agents. Foreign bonds, which have been recognized by the decision are in the official list (§ 12). The Federal Ministry of finance or the body appointed by causing the publication.

The procedure to be observed in the cases of sections 55 to 57 by regulation closer govern § 58 implementing legislation Federal Government can.
Section VII conditions of release (1) can be release securities § 59 after the conditions that apply, payment or deposit of any amount owing by the exhibitor or a part thereof requires the complete or partial release of the rights for a certain type of foreign bonds, which are founded, shall not take into account 1 foreign bonds in the calculation of the amount to be paid or to be deposited to secure the claims of the bonds , the powerless have become after § 50, 2. foreign bonds, which are according to § 6 as powerless.
(2) paragraph 1 shall apply in particular to the deletion or sharing of ground and boat lien, the retransfer of assurance mentioned things and the dismissal of guarantors. He shall apply mutatis mutandis if the exhibitor or a third party has committed to charge his fortune or individual assets from the total or partial repayment of the foreign bonds not or only under certain conditions.
(3) the release or termination of the rights referred to in paragraphs 1 and 2 and liabilities may be required only for payment or deposit of an amount calculated in accordance with paragraph 1, if the payment or deposit otherwise complies with the conditions that apply to the foreign bonds. Not therefore denied the release or termination because of the exhibitor or a third party deadlines or dates has not complied, if this was only a consequence of laws, the war or other by the issuer or the third party circumstances.

Section 60 enforcement of the release request (1) is not complied with a release request made under the conditions of § 59, so the exhibitors at the responsible for its seat Chamber value paper cleansing may apply for in article 59, paragraph 1, 2 rights referred to and obligations the release or removal.
(2) the Court has the Trustees and paying agents, and any third parties whose Belange could be affected by the release, to deliver a copy of the request and its justification and give them opportunity to submit its observations. The Exhibitor should attach to his application the necessary copies.
(3) may be granted only to the extent the request, as the exhibitor can prove that there are the conditions for the release request.
(4) the decision which, wholly or in part is granted a request referred to in paragraph 1, may be issued at the earliest three months after the delivery of the application to the Trustees, depositories and the third parties referred to in paragraph 2, unless they expressly to comply with this deadline have waived. In the decision are to be released or repealed rights or obligations, indicating who has ordered or taken over, to describe in detail.
(5) the decision of the Board value paper cleansing is the exhibitors as well as the Trustees to deliver payment agent and the third party referred to in paragraph 2.
(6) against the decision of the Board value paper cleansing stands the exhibitors as well as the Trustees, depositories and the third party referred to in paragraph 2 the immediate appeal that according to section 34 of the securities Cleanup Act of August 19, 1949 (WiGBl. P. 295) competent higher regional court to. The immediate appeal is the Chamber value paper cleansing within three months in writing or to the Court of Office to submit. The appeal period starts with the notification of the decision to the complainant; against their non-observance, held no restitutio in integrum. When filing the complaint with a notice of appeal must be signed by a lawyer. The appeal may be based on new facts and evidence. In addition paragraphs 2 and 3 apply to appeal proceedings mutatis mutandis. Another complaint does not take place.

§ 61 effect of the release decision if all or part has been given place an application according to § 60, replaced the final decision the statement of purpose of the creditors, Trustees, depositories and other places, who is otherwise required for the release or termination of the rights referred to in section 59 and obligations.
Section VIII costs § 62 costs of proceedings (1) In proceedings before the foreign agent and the testing laboratory will be no fees charged.
(2) in the proceedings before the Board for value paper adjustment pursuant to § 31, the applicant for the payment of costs is only required if rejected the application for judgment or set the procedure for withdrawal of the application.
(3) in proceedings before the Board value paper cleansing according to § 47 the applicant for the payment of costs is only obliged, 1st or 2nd or 3rd when recognition is rejected and it found that the application was manifestly unfounded, when issuing a determination notice will be rejected if the procedure for withdrawal of the application is set.
The Exhibitor shall in this procedure to pay costs only if an objection submitted by him is rejected, or when the proceedings for withdrawal of the opposition.
(4) paragraph 3 sentence 1 No. 1, 3 shall apply mutatis mutandis to the procedure before the Board value paper cleansing according to § 52 para 2 (5) for a fee-based decision of the Chamber for value paper cleanup after the paragraphs 2 to 4 will be charged a fee, with a rate of 1.0 by table B of article 34 paragraph 2 of the Court and notary costs Act.
(6) in proceedings before the Board value paper cleansing according to section 60 with a rate of 1.0 by table B of article 34 paragraph 2 of the Court and notary costs Act is charged by the exhibitor.
(7) the charges in the complaint procedures under section 1 of the cost directory to the Court and notary fees Act determined by part 1 section 4. However, the value of law forming the subject of the complaint for the calculation of the fee is decisive in each case.
(8) in the case of applications, which the recognition of a piece of refund (§ 3 para 1 No. 3) or a notice of determination for a until claims to May 8, 1945, including withdrawn foreign bond, the applicant in any case for the payment of costs is required.
(9) the business value is determined the conditions at the time of the application to the conditions at the balance sheet date (§ 19), in the proceedings under section 60 after.
(10) the requirements concerning the compulsory deposits and to the guarantee of cost performance are to apply only in proceedings according to section 60.

Section 63 has to reimburse the cost of the notice according to § 11 paragraph 3 and for the publications according to § 12 ABS. 2 reimbursement of expenses (1) the exhibitor.
(2) the exhibitor has the inspection body the expenses incurred by her through the exercise of their functions, to refund, insofar as they are reasonable.
(3) the exhibitor has the expenditures, in particular banking and brokerage fees, on the applicant requested to reimburse, necessary caused him by the registration and the examination process including an appeal. The fees of counsel, the applicant in the proceedings before the foreign agent or in the proceedings before the Board for value paper cleanup has incurred, are however only to reimburse if the foreign representative or the Board value paper cleansing; the eligibility This should happen at the request of the applicant if the approval of legal counsel was necessary after the case. The Exhibitor needs expenses, incurred by the applicant as a result that he unsuccessfully has filed an appeal (§ 29 par. 2) or an appeal, not to replace.
(4) the claim of the applicant on reimbursement of expenses pursuant to paragraph 3 is excluded, 1 if the applicant has withdrawn the registration or 2. If the applicant is obliged according to § 62 para 3 to the payment of costs or would be excluding § 62 para 8 or 3. If the foreign agent has detected in a negative decision has become binding, that the application was manifestly unfounded , or 4 If the finding in a decision referred to in paragraph 3 has been made, with an appeal of the applicant has been definitively rejected.
(5) the designated foreign agent to request payments, which exhibitors pursuant to paragraphs 3, 4 is obliged to afford for the account of the exhibitor and advances fair by the Exhibitor for this purpose. The exhibitor can not complain about the payments made by the foreign agent if he generally has agreed with their height, or if they meet requirements, which have been set by an Ordinance adopted pursuant to section 65.
(6) the exhibitor is obliged to reimburse all expenses the Trustees and paying agents necessary incurred them by a procedure regulated in this law. Paragraph 5 shall apply mutatis mutandis.
(7) the expenditure is to reimburse, in which they have arisen in the currency.

Article 64 administrative fee (1) Exhibitors shall contribute to the costs incurred by the implementation of this law, to pay a reasonable administrative fee. The amount of the levy shall be fixed by Decree of the Federal Government. It is the nominal value of the issued foreign bonds to measure; Pieces, which were wiped out with the entry into force of this Act or that apply according to § 6 as powerless, are deducted in calculating.
(2) the administrative fee will be charged by the Federal Ministry of finance or the place designated by him. It is on the main federal cash to pay. One-third of the tax paid by each exhibitor is to dissipate on the country in which the exhibitor is domiciled.
(3) the administrative fee is recovered in accordance with the provisions of the tax code and its implementing rules.

Section 65 regulations the Federal Government may by Decree the implementation of §§ 63, adopted 64, set in particular rates for the expenses to be reimbursed by the issuer and regulate the implementation of payments to be paid by the Exhibitor, as well as the Administration levy in particular.
Section IX supplementary provisions article 66 binding effect of decisions issued according to this law, a challenge no longer subject decisions on the recognition of foreign bonds and the finding of rightful acquisition on a foreign bond bind courts and administrative authorities, unless otherwise arising from this Act.

§ 67 exclusive jurisdiction the jurisdiction established in this law are exclusively.

§ 68 liens and other rights of third parties on foreign bonds (1) mortgage holders and other in-kind entitled can a foreign bond for the lawful acquirer (§ 38) sign or participate in addition to the applicant in the examination process and automatically insert the appeal.
(2) liens and other rights of third parties on foreign bonds continue to the compensation according to sections 52 to 54.

§ 69 mutatis mutandis applicable provisions (1) this act otherwise unless otherwise provided, are on the proceedings before the courts to apply the provisions of the law on the procedure in family matters and in matters of voluntary jurisdiction according to.
(2) shall also apply mutatis mutandis following regulations of securities Cleanup Act of August 19, 1949 (WiGBl. P. 295): 1. section 53 para 1, 2 on the right to information. Has been recognized a foreign bond, whose possession the previous owner against his will has lost, the previous owner of the Exhibitor may require information about who and where the bond is recognised; Section 53 para 4 of the securities Cleanup Act shall apply mutatis mutandis. The claims become time-barred pursuant to sentence 2 a year after the publication of the approved foreign bonds in the official list (section 12);
2. paragraphs 54 to 58 on the monitoring of the exhibitors and testing obligations by the banking supervisory authorities and their powers in the examination proceedings, section 59 paragraph 7 on the fees to be collected in the proceedings according to § 57 of the securities Cleanup Act and decision announcement article 34, paragraph 1, 2, 5 for the instant complaint against one according to § 57 of the securities Cleanup Act. The deadlines for the lodging of appeals by the banking supervisory authority (§ 54 para 3 of the securities Cleanup Act) start with the notification of the decision to the exhibitor if the bank supervisory authority not even before adoption of the decision had involved in the procedure.

Article 70 deliveries (1) deliveries that are by this Act or the regulations under this Act pursuant can be effected thereby, that the document is to be served the receiver against a marked with date and signature on receipt to be a copy of the document will be issued. The same applies to releases by registered letter against acknowledgement of receipt.
(2) deliveries from abroad can be effected by registered letter against acknowledgement of receipt, if the State run is the delivery agrees.

§ 71 Chambers value paper cleansing (1) under Chambers value paper cleansing in the meaning of this law are according to § 29 of the securities Cleanup Act of August 19, 1949 (WiGBl. P. 295) to understand formed Chambers value paper cleansing.
(2) the land administration of Justice can transfer the duties and powers under this Act one for the districts of several chambers value paper cleansing from them.

§ 72 decision-making powers of the Chairman of the Board for value paper cleanup (1) who can chair the Chamber value paper cleansing without approval from assessors 1 make decisions and other arrangements according to article 31, paragraph 4, sentence 4, § 47 para 3, § 49 para 1 No. 1, 2 and § 70, 2. arrange the collection of evidence and 3 recognise a foreign bond presented according to § 40.
(2) if the assessor should be seen off pursuant to paragraph 1 of the consultation, the Chairman shall moderate duty and discretion.

Article 73 majority of exhibitors (1) foreign bonds have been issued by several exhibitors, so have the testing laboratory (section 11) together to designate the exhibitors.
(2) can the exhibitors concerning the designation of the inspection body does not agree, the testing laboratory is determined by the supervisory authorities involved.
(3) in the cases of paragraphs 1, 2 set up the responsibilities which depend upon this law from the seat of the issuer, to the seat of the inspection body.

§ 74 of foreign bonds of the German of Empire and of the former State of Prussia (1) as issuer of foreign bonds issued by the former State of Prussia is considered for the purposes of this Act, unless otherwise determined is the Federal Republic of Germany.
(2) Department for foreign bonds, which are issued by the German Empire or of the former State of Prussia is the Federal Office for central services and assets questions; the powers of the supervisory authorities are carried out by the Federal Ministry of finance. The jurisdiction of the Chamber for value paper cleanup is determined by the seat of the Swiss Federal Office for central services and unresolved property issues.

§ 75- and export regulations, domestic and foreign regulations, according to which payments or the import, export, transfer and redemption of securities prohibited or allowed only with permission, or under special conditions, shall remain unaffected.

Section 76 by regulation the procedure regulated in this law customize implementing provisions (1) Federal Government can the rules, habits and customs that apply for foreign bonds of a certain type or in the country of issue or in the State in which the applicant resides, has business, habitual residence or his establishment.
(2) by regulations referred to in paragraph 1 may not be the conditions for the recognition of foreign bonds or issuing of a finding decision changed still the measures to be taken by the parties under this Act impeded or excluded under this Act provided remedies or restricted.
(3) regulations require according to § 1 para 2, § 5, para. 3, 4, section 8, subsection 1, sentence 3, para 6, article 9, paragraph 1, 4 and 5, § 21 para 2, § 23 para 5, § 24 para 4, § 35 paragraph 2, section 58, § 76 para 1 not the consent of the Federal Council.
Footnote section 76 para 3 italic: see footnotes to these regulations § 77 participation of the country of issue (1) should be regulations only according to § 5 para. 3, 4, section 8, subsection 1, sentence 3, article 9, paragraph 1, 4 and 5, § 21 para 2, § 23 para 5, § 24 para 4, § 35 par. 2, article 76, paragraph 1, after the parties issuing country has agreed with the proposed regulation. The same is true of an amendment or cancellation of the designated regulations. Further obligations under an agreement with the issuing country on the adoption and content of the regulations remain unaffected.
(2) for measures requiring the participation of the country of issuance according to this law, the participation of the associations of the issuing country, which perceive the interests of the creditors of German foreign bonds if the Government considered issuing country agrees to is sufficient. The consent can be regarded as granted, if the Government does not object within three months after notification of the measures envisaged.
Footnote section 77, paragraph 1, sentence 1 italic: Nonrepresentational authorization section X final provisions § 78 Land Berlin (1) this Act applies in accordance with sections 13 and 14 of the Act on the position of the State of Berlin in the financial system of the Federation (third reconciliation law) of January 4, 1952 (Federal Law Gazette I p. 1) in Berlin (West).
(2) in this Act on the securities Cleanup Act of August 19, 1949 (WiGBl. P. 295) and the law on the amendment and supplementation of the cleanup Act of 29 March 1951 (Bundesgesetzbl. I p. 211) referred will occur in the application of the law in Berlin in their place Berlin securities Cleanup Act of 26 September 1949 (Verordnungsbl. for greater Berlin I p. 346) and the Berlin law on the amendment and supplementation of the cleanup Act of 12 July 1951 (law - and Verordnungsbl for Berlin p. 530).

Article 79 entry into force this law enters into force on the first day of the calendar month following the announcement.

Appendix 1 (section 1 para 1) directory of foreign bonds (site: BGBl. part III 4139-2, p. 118-128; regarding the details of the changes cf. footnote) A. bonds of the German of Empire and of the former State of Prussia item No. No. name currency issuing country 1 German external loan 1924 (Dawes loan) - notes on the holder of a) pound 7% Sterling - bonds of the German Reich from 1924-Belgian Edition pound Belgium b) 7% Sterling - bonds of the German Reich from 1924-Holländische British pound output pounds the Netherlands c) pound 7% -Sterling bonds of the German Reich from 1924 design output pounds France d) 7% of the German Reich from 1924 Italian lire bonds issue lire Italy e) pound output pounds Switzerland 7% Sterling - bonds of the German Reich from 1924-Deutsche f) pound 7% Sterling - bonds of the German Reich from 1924-Swiss Edition pounds Switzerland g) 7% Swiss franc - bonds of the German Reich from 1924 - Swiss Edition sfrs.
(Switzerland h) 7% of the German Reich from 1924-British Sterling notes pound pounds United Kingdom of Great Britain and Northern Ireland i Edition) 7 per cent gold bonds (complete edition in the United States of America $110.000.000) $ United States 2 6% appearance bond of the German Empire from 1930 (Kreuger bond) - Gold bond with 50jähriger run-time $ Sweden 3 international 5 1/2%ige bond of the German Reich 1930 (young bond) – notes on the holder a) Belgian Edition Belgas or bfrs.
Belgium b) Dutch issue hfl.
The Netherlands c) ffrs French Edition.
(France d) Italian lire Italy e) Swedish Edition skr.
Sweden f) German edition RM Switzerland g) Swiss tranche sfrs.
(Switzerland h) International 5 1/2%ige Sterling bonds of the German Reich 1930 pounds United Kingdom of Great Britain and Northern Ireland i) Fünfeinhalbprozentige gold debt Verschreibung (total amount of output in the United States of America $98.250.000) $ United States of America 4 6 1/2%ige Prussian external bond 1926 The free State of Prussia (Freistaat Prussia) - 6 1 / 2% sinking fund gold bonds - external loan of $1926 United States 5 6% Prussian external loan in 1927 The free State of Prussia (Freistaat Prussia) – 6% sinking fund gold bonds - external loan $1927 United States B. Notes of the German debt conversion fund item No. No. interest rate currency further designation - 6 1 / 2% sinking fund gold bonds - external loan in 1926, U.s.a. 5 6% Prussian external bond 1927 The free State of Prussia (Freistaat Prussia) $ United States of America - 6% sinking fund gold bonds - external loan 1927 B. Notes of the German debt conversion fund item No. No. interest rate currency further designation issue date issuing country
1A) 4% pounds (series I 1 6.1935) United 1B) 4% pounds (series II 1 8.1936) Kingdom of 1 c) 4% pounds (series III 1 3.1937) Britain 1 d) 4% pounds (Series IV 1 8.1937) and 1e) 4% pounds (series V 1 4.1938) Northern Ireland 2 4% hfl.
(Series I 1.11.1935)
The Netherlands 3a) 4% skr.
(Series I 2 3.1936)
Sweden 3 b) 4% skr.
(Series II 1 9.1936)
Sweden 3 c) (series III 1 3.1937) 3d) (Series IV 1 9.1937) 3e) (series V 1 4.1938) 3f) (series VI 1.12.1938) 4a) (series IA 1 7.1935) 4 b) 4% sfrs.
(Serie IB 1. 7.1935) 4 c) (series IIA 15 8.1936) 4 d) (series IIB 15 8.1936) 5 3% sfrs.
(Old Edition) 1.12.1936 Switzerland 6 3% sfrs.
New Edition 1 3.1937 Switzerland 7 3% sfrs.
(Old Edition) 1.12.1936 France 8 3% sfrs.
New Edition 1 3.1937 France 9 3% hfl.
(Old Edition) 1.12.1936 the Netherlands 10 3% hfl.
New Edition 1 3.1937 the Netherlands 11 3% $ (old Edition) 1 7.1936 United States of America 12 3% $ new edition 1 6.1937 United States of America 13 3% pounds (old Edition) 1.12.1936 United Kingdom of Great Britain and Northern Ireland 14 3% pounds new edition 1 3.1937 United Kingdom of Great Britain and Northern Ireland C. other securities *) I. issuing country: the Netherlands item No. No. Exhibitor original interest rate term OUTP.-year currency in German designation in Dutch label 1 German patent insulation Aktiengesellschaft schnelltriebwagen 8% bonds 1926
HFL.
2 German pension Bank Kreditanstalt (agricultural Central Bank) 6 1 / 2% drainage notes 1930 Sfr. 3 Eschweiler Mining Association Kohlscheid near Aachen 6% bonds 1927 hfl.
4 Hagener Straßenbahn Aktiengesellschaft - Hagen (Westfalen) tram routes of the city of Hagen - Te Hagen (Westfalen) 8% bonds in 1930 hfl.
5 St. Josef home G.m.b.h.. Berlin-Charlottenburg St. Josef-Stichting-Berlijn-Charlottenburg 7% Obligaties aan Toonder 1928 hfl.
6 land bank of the Rhine Province in Düsseldorf (now: Rheinische Girozentrale and provincial Bank, Düsseldorf) 7% bonds 1926 hfl.
7 Neckar-joint-stock company Stuttgart hfl 6% notes 1930.
8 Ruhr Association - 1927 FL. eat 6% bonds.
9 eat Ruhr Association - 7% Obligatien I (20-jarige Obligatielening 1930) 1930 florins.
10 Association of Ruhr - Essen 7% Obligatien II (20 years (2e) Obligatielening) 1930 hfl.
11 C. J. bird wire and cable factory shares 7% bonds 1928 hfl.
12 OSRAM company with limited liability limited partnership in Berlin 7% bonds 1925 $13 Carl Zeiss-Stiftung in Jena (now: Heidenheim a. d. Brenz Carl Zeiss-Stichting te Jena 7% 20-jarige eerste hypothécaire Leening Obligatien aan Toonder 1926 hfl. 14 brothers of the H. Francis Catholic Youth Home G.m.b.h.., Aachen brothers of the H. Francis Rechtspersoon: Catholic Youth Home G.m.b.h.. te Aken 7% Eerste hypothécaire 10-jarige Obligatielening Obligatien aan Toonder 1926 hfl. 15 brothers of the H. Francis Catholic Youth Home G.m.b.h..) , Aachen brothers of the H. Francis Rechtspersoon: Catholic Youth Home G.m.b.h.. te Aken 7 1 / 2% Eerste hypothécaire 10-jarige Obligatielening Obligatien aan Toonder 1929 hfl.
16 Congregation of the Sisters of the Christian schools of mercy, Menden, School Association for the Catholic high school e.V., Mende, KRS. Iserlohn Congregatie van de Christelijke Scholen van Barmhartigheid Zusters bij te Menden Iserlohn (Germany) 8% Eerste hypothécaire 15-jarige Obligatielening Obligatien aan Toonder 1930 hfl.
17 Association of the brothers of the H. Francis to Waldbreitbach Charitas Gesellschaft M.b.h.. - Cochem Ebernach Genootschap van de Broeders van den H. Franciscus te Waldbreitbach (Rijnland) 8% Eerste hypothécaire 10-jarige Obligatielening Obligatien 1925 hfl.
18 cooperative of Cellitinnen according to the rule of St. Augustine to Cologne Orde Zusters Augustin food Moederhuis copper alley te clubs 7% Eerste hypothécaire 10-jarige Obligatielening Obligatien aan Toonder 1928 hfl.
19 Association of the Sisters of our Lady G.m.b.h.. in Mülhausen (now: City of Cologne) Congregatie Zusters van Onze Lieve Vrouw te Mulhouse 7% Eerste hypothécaire 10-jarige Geldleening Obligatien 1928 hfl.
20 Association of the daughters of the H. crosses Aspel at Rees (now: provincial administration of the cooperative society of the daughters of the Holy Cross, Düsseldorf cooperative society of the daughters of the H. crosses Aspel bij Rees 7% Eerste hypothécaire Obligatielening met 20 - Jari gene looptijd 1925 hfl. 21.) "Heart of Jesus" in Paderborn R. k. parish parish of het H. Hart van Jezus te Paderborn 8% Eerste hypothécaire 10-jarige Geldleening Obligatien 1926 hfl.
22. Parish of St. Maria Magdalena to Lütgendortmund at Dortmund R. K. Kerkbestuur of the parish van de H. Maria Magdalena te Lütgendortmund bij Dortmund 7% Obligatielening Obligatien aan Toonder 1927 hfl.
23 Catholic hospital and Poorhouse Anteriur hospital - Cologne-Mülheim Roomsch Katholiek Ziekenhuis Driekoningen Hospitaal Club Mülheim 7% Eerste hypothécaire 15-jarige Obligatielening Obligatien aan Toonder 1929 hfl.
24 Catholic private high school in Cleve E.V. Roomsch Katholiek Lyceum te Kleef 6%
Eerste hypothécaire 20-jarige Obligatielening Obligatien 1927 hfl.
25 KettelerGesellschaft e.V. Bad Nauheim Bisshop Kalleda Stichting te Bad Nauheim 7% Eerste hypothécaire 10-jarige Obligatielening Obligatien aan Toonder 1929 hfl.
26 monastery of Cellitinnen to of St. Gertrude with the mother house in Düren Orde the Zusters Agustin eating te Düren 7 1 / 2% Eerste hypothécaire 10-jarige Obligatielening Obligatien aan Toonder 1927 hfl.
27 St. Mary's Hospital in Lünen on the lip, St. Mary's Hospital te Lünen ADCs lip 7% Eerste hypothécaire 15-jarige Obligatielening 1929 hfl.
28 Club St. Joseph Abbey, St. Jozef Stichting te Bremen Bremen 8% 10-jarige Geldleening Obligatien 1929 hfl.
29 West German province of the order of the venerable sisters Carmelitessen of the divine heart of Jesus Theresa Kinderhaus to Neuss St. Joseph home, Foundation for homeless children to Vechta West Duitsche Provincie van de Orde of E. E. Zusters Carmelitessen van het goddelijk Hart van Jezus Theresa Kinderhuis te Neuss 7% Eerste hypothécaire 10-jarige Obligatielening Obligatien aan Toonder 1930 hfl.
II. issuing country: Switzerland (held all on sfrs.) item No. No. Exhibitor original interest rate designation year of issue 1 bathing, free State 6 1 / 2% notes (bonds) 1926 2 Badische Girozentrale, public banking institution of the Baden savings banks and Giro Association in Mannheim (now: Badische municipal Landesbank Girozentrale - Mannheim) 6 1 / 2% notes 1928 3 Baden regional electricity supply company (now: Badenwerk A.G.) in Karlsruhe 6% bonds 1928 4 Baden regional electricity supply company (now : Badenwerk A.G.) in Karlsruhe 6% notes 1930 5 Berlin urban power stations A.G. (now: Berlin power and light (Bewag) joint-stock company) 7% bonds (bonds) 1925 6 Bochum, city 5% bonds 1926 7 Dortmund, city 5% bonds 1926 8 electricity company formerly W. Lahmeyer & co. - Frankfurt a.M. 6% bonds (bonds) 1927-9 Felten & Guilleaume Carlton factory Actien-Gesellschaft in Cologne Mülheim, 5 1 / 2% notes 1927 10 Freiburg im Breisgau , City 5% bonds 1926 11 Union of stone coalmine Graf Schwerin to castrop-rauxel, North Rhine-Westphalia, with the county seat in Bochum (now: mining - joint-stock company Lorraine) 4 1 / 2% obligation certificates 1930 12 Union of stone coalmine Graf Schwerin to castrop-rauxel, North Rhine-Westphalia, with the county seat in Bochum (now: mining - joint-stock company Lorraine)-redemption coupons 1930 13 Heidelberg, city 5% bonds 1926 14 Hessische Eisenbahn - Aktiengesellschaft (HEAG) in Darmstadt (now: Hessian Elektrizitäts - Aktiengesellschaft Darmstadt) 6 1 / 2% notes 1929 15 Karlsruhe , City 5% bonds 1926 16 Konstanz, city 6% bonds (bonds) 1928 17 power transmission works Rheinfelden 5% bonds 1927 18 power plant rad Belastingen Aktiengesellschaft 4 1 / 2% bonds 1930 19 Krefeld, city 5% part debt securities 1926 20 Lech - elektrizitätswerke AG, Augsburg 7% bonds 1926 21 Lech - elektrizitätswerke AG, Augsburg 7% bonds 1929 22 North West German Kraftwerke Aktiengesellschaft: see "Siemens" electric companies Aktiengesellschaft 23 Nuremberg, city 5% bonds 1926 24 Rhine power Albbruck-Dogern Aktiengesellschaft 5 1 / 2% bonds 1930 25 electricity produced Aktiengesellschaft 6% bonds 1929 26 "Siemens" electric Holdings Corporation (now: North West German Kraftwerke Aktiengesellschaft) 4 1 / 2% notes 1908 / 36/41 27 "Siemens" Electric Holdings Corporation (now: North West German Kraftwerke Aktiengesellschaft) 4 1 / 2% notes in 1912 28 "Siemens" Electric Holdings Corporation (now: North West German Kraftwerke Aktiengesellschaft) 5% notes 1913 29 cloth factory Lörrach Aktiengesellschaft 5% bonds 1931 30 lower Iller Aktiengesellschaft in Munich 6 1 / 2% bonds 1928-31 Wintershall Aktiengesellschaft Berlin (Potash industry AG.) 4 1 / 2% - promissory notes of part of 1924 32 Württemberg , Free State 6 1 / 2% notes in 1931-33 stone Kohlenbergwerk Friedrich Heinrich Aktiengesellschaft - Lintfort, Kreis Mörs 6% owner - bonds, series A 1928 III. issuing country: United Kingdom of Great Britain and Northern Ireland (held all on pounds) item No. No. Exhibitor interest rate term year in German term in English description 1 Berlin, city city of Berlin 6% Sterling bonds 1927 2 Hamburg, Hanseatic City State of Hamburg 6% Sterling bonds 1926 3 Cologne , City city of Cologne 6% Sterling bond 1928 4 metal Aktiengesellschaft, Frankfurt am main
 
6 1 / 2% Sterling bonds 1928 5 Munich, city city of Munich 6% Sterling bonds 1928 6 Prussian ElektrizitätsAktiengesellschaft Prussian electric company 6% Sterling bonds 1928 7 Provincial Association of the province of Westphalia province of Westphalia 7% Sterling bond 1926 8 German potash syndicate G.m.b.h., Berlin the potash syndicate of Germany. 7% 25-year sinking fund gold loan series "A" Sterling bonds 1925 9 German potash syndicate G.m.b.h.. , Berlin the potash syndicate of Germany 7% 25-year sinking fund gold loan series "B" Sterling bonds 1926 10 German potash syndicate G.m.b.h.., Berlin the potash syndicate of Germany 6 1 / 2% 25-year sinking fund gold loan series "C" Sterling bonds 1929 11 HWW G.m.b.h. Hamburg waterworks. 6% Sterling loan 1928 IV. issuing country: United States of America (all on $ current) item No. No. Exhibitor original interest rate designation year of issue in German name in American Title 1 General Elektricitäts-Gesellschaft (AEG) General Electric Company, Germany 7% twenty-year sinking fund gold debentures - due January 15, 1945 in 1925 2 Allgemeine Elektricitäts-Gesellschaft (AEG) General Electric Company, Germany 6 1 / 2% fifteen-year gold sinking fund debentures - due December 1, 1940 in 1925 3 Allgemeine Elektricitäts-Gesellschaft (AEG) General Electric Company, Germany 6% twenty years sinking fund gold debentures - due May 1, 1948 in 1928 4 BayerischPfälzische cities Bavarian Palatinate consolidated cities, Germany 7% external serial gold bonds 1926 5 Bayern , Free State free State of Bavaria 6 1 / 2% serial gold bonds 1925 6 Bavaria, free State free State of Bavaria 6 1 / 2% external twenty year sinking fund gold bonds - due August 1, 1945 in 1925 7 Berlin, city city of Berlin 6 1 / 2% twenty-five year sinking fund gold bonds - due April first, 1950 in 1925 8 Berlin, city city of Berlin 6% thirty year external sinking fund gold bond - due June 15 , 9 1958 in 1928 Berlin urban power stations Act-GES. (now: Berlin power and light (Bewag) joint-stock company)
Berlin City electric company, incorporated 6 1 / 2% twenty-five year sinking fund debentures - due December 1, 1951 in 1926 10 Berlin urban power stations Act-GES. (now: Berlin power and light (Bewag) joint-stock company)
Berlin City electric company, incorporated 6 1 / 2% thirty-year sinking fund debentures - due February 1, 1959 in 1929 11 Berlin urban power stations Act-GES. (now: Berlin power and light (Bewag) joint-stock company)
Berlin City electric company, incorporated 6% twenty-five year debentures - due April 1, 1955 1930-12 District Association Oberschwäbische elektrizitätswerke consolidated hydro-electric works of upper Wurttemberg 7% first mortgage thirty-year sinking fund gold bonds - due January 15, 1956 in 1926 13 BraunkohlenIndustrie Aktiengesellschaft "Future" brown coal Industrial Corporation "Future" 6 1 / 2% sinking fund mortgage gold bonds series A - due April 1, 1953 in 1928 14 Bremen , Free Hanseatic City State of Bremen (Free Hanseatic City of Bremen) 7% ten-year external loan gold bonds - due September 1, 1935 in 1925 15 Central Committee for the inner mission of the German Evangelical Church (Protestant Church in Germany welfare institutions loan) 7% twenty year secured sinking fund Gold Bond 1926 16 German-Atlantic Telegraph Company German Atlantic cable company 7% first mortgage twenty-year sinking fund gold dollar bonds - due April 1 , 1945 1925 17 Deutsche Bank headquarters Aktiengesellschaft Central Bank of German state & provincial banks, Inc. 6% first mortgage secured gold sinking fund bonds series A - due August 1, 1952 in 1927 18 Deutsche Bank headquarters Aktiengesellschaft Central Bank of German state & provincial banks, Inc. 6% mortgage secured gold sinking fund bonds series B - due October 1, 1951 in 1927 19 Deutsche Bank headquarters Aktiengesellschaft as central agent for : Hanoverian State credit Institute, Landesbank of Schleswig-Holstein province, Brandenburg Provincial Bank and Girozentrale, land bank of the Rhine Province, land bank of the province of Westphalia, Nassauische Landesbank, Badischen Sparkassen - and Giroverband, Baden Girozentrale, Württemberg savings bank and Giro Association and other local banks, Central and East Germany's Central Bank of German state & provincial banks, Inc. 6 1 / 2% German Provincial and communal banks Consolidated Agricultural Loan - secured sinking fund Gold Bond Series A - due June 1 , 1958 1928 20 Deutsche Rentenbank Kreditanstalt agricultural Central German Central Bank for agriculture 7% first lien gold farm loan sinking fund bonds - due September 15, 1950 in 1925 21 Deutsche Rentenbank - Kreditanstalt agricultural Central Bank German Central Bank for agriculture 6% farm loan secured gold sinking fund bonds - due July 15, 1960 in 1927 22 Deutsche Rentenbank Kreditanstalt agricultural Central Bank German Central Bank for agriculture 6%
Farm loan secured gold sinking fund bonds - second series of 1927 - due October 15, 1960 in 1927 23 Deutsche Rentenbank - Kreditanstalt agricultural Central German Central Bank for agriculture 6% farm loan secured gold sinking fund bonds - series A of 1928 - due April 15, 1938 in 1928 24 German savings banks and Giro Association of German savings banks and clearing Association 7% German Consolidated Municipal Loan - sinking fund secured gold bonds - series of 1926 due 1947 - due February 1 , 1947 1926 25 German savings bank and Giro Association of German savings banks and clearing Association 6% German Consolidated Municipal Loan - sinking fund secured gold bonds - series due 26 1947 in 1928 Dortmund waterworks Gesellschaft m.b.h, Dortmund Aktiengesellschaft for gas lighting, Dortmund trams G.m.b.h.. (now: Dortmunder Stadtwerke Aktiengesellschaft) Dortmund municipal utilities 6 1 / 2% twenty-year sinking fund mortgage gold bonds - due October 1, 1948 in 1928 27 Düsseldorf , City city of Düsseldorf 7% external serial gold bonds 1925 28 Duisburg city city of Duisburg 7% serial gold bonds 1925 29 lower Elbe power plant, joint-stock company lower Elbe power & light company 6% twenty-five year sinking fund mortgage gold bonds, series A - due April 1, 1953 in 1928-30 electrical works company electric power Corporation 6 1 / 2% first mortgage sinking fund gold Bonds-Series due 1950 1925 31 electric works joint stock company electric power Corporation 6 1 / 2% first mortgage sinking fund gold Bonds-Series due 1953 1928 32 Frankfurt am Main, city city of Frankfort-on-main 7% serial gold bonds external loan of 1925 1925 33 Frankfurt am Main, city city of Frankfort-on-main 6 1 / 2% twenty-five-year sinking fund gold bonds municipal external loan of 1928 - due May 1, 1953 in 1928 34 gas Eltwerke municipal corporation Recklinghausen municipal gas and Electric Corporation of Recklinghausen 7% first mortgage twenty-year sinking fund gold bond - due December 1 , 1947 1927 35 Association of the eight Bavarian dioceses of Roman Catholic Church in Bavaria 6 1 / 2% twenty-year sinking fund gold bonds series A - due March 1, 1946 in 1926 36 society for electrical high and subways in Berlin-(jetzt: Berliner Verkehrs-Betriebe (BVG)) Berlin electric elevated and underground railways company 6 1 / 2% thirty-year first mortgage sinking fund gold bond - due October 1, 1956 in 1926 37 Gesfürel (society for electrical companies) Gesfürel 6% sinking fund gold debentures - due June 1 , 1953 1928 38 Grosskraftwerk Mannheim AktienGesellschaft, Pfalzwerke Aktiengesellschaft Mannheim and Palatinate electric companies 7% fifteen-year sinking fund mortgage gold bonds - due June 1, 1941 in 1926 39 Gutehoffnungshütte, stock Association of mining and metallurgical operations; Gutehoffnungshütte Oberhausen Aktiengesellschaft "Good Hope Steel and Iron Works" 7% twenty-year sinking fund mortgage gold bonds - due October 15, 1925 1945 40 hamburger Hochbahn Aktiengesellschaft Hamburg elevated underground and street railways co. 5 1 / 2% ten-year gold loan - due June 1, 1938 in 1928 41 Hamburg State (free and Hanseatic City of Hamburg) State of Hamburg (free and Hanseatic City of Hamburg) 6% twenty-year gold bonds - due October 1 , 1946 1926 42 Hannover, city city of Hanover 7% ten year external convertible Gold Bond - due November 1, 1939 1929 43 Hanover, city city of Hanover 7% external sinking fund gold bonds - due November 1, 1959 in 1929 44 Harpener BergbauAktien society Harpen Mining Corporation 6% Gold mortgage bonds, series of 1929 - due January 1, 1949 in 1929 45 harzwasserwerke of the province of Hanover province of Hanover resin water works 6% sinking fund gold bonds , First series - due August 1, 1957 in 1927 46 harzwasserwerke of the province of Hanover province of Hanover resin water works 6 1 / 2% sinking fund gold bonds, second series - due February 1, 1949 in 1929 47 Ilseder hut Ilseder Steel Corporation 6% Gold mortgage bonds-Series of 1928 - due August 1, 1948 in 1928 48 Rudolph Karstadt Aktiengesellschaft Rudolph Karstadt, incorporated 6% first mortgage collateral sinking fund bonds - due November 1 , 1943 1928 49 Cologne, city city of Cologne 6 1 / 2% twenty-five year sinking fund gold bond - due March 15, 1950 in 1925 50 Königsberg pulp mills and chemical plants Koholyt Corporation Koholyt Corporation 6 1 / 2% first (closed) mortgage sinking fund gold bonds 1928 51 community land bank in Darmstadt municipal Bank of the State of Hesse 7% serial gold bonds 1925 52 Lüneburg power , Light and waterworks company limited Luneburg power, light and waterworks, Ltd. 7% first mortgage twenty-year sinking fund gold bonds - due May 1, 1948 in 1928 53 Mansfeld Aktiengesellschaft for mining and metallurgical operations Mansfeld mining and smelting company 7% fifteen year (closed) mortgage sinking fund gold bond - due May 1, 1941 1926 54 "Miag" mill building and IndustrieAktiengesellschaft (now: G.m.b.h..)
MIAG mill machinery company 7% closed first mortgage thirty-year sinking fund gold bonds - due June 1, 1956 in 1926 55 City City of Munich, 7% serial gold bonds 1925 56 North German Lloyd (Bremen) North German Lloyd Bremen 6% twenty-year sinking fund gold bonds - due November 1, 1947 in 1927 57 Norddeutscher Lloyd (North German Lloyd of Bremen) Bremen 4% sinking fund bonds of 1933 - due November 1 , 1947 1933 58 Nuremberg, city city of Nuremberg 6% external twenty-five year sinking fund gold bond - due August 1, 1952 in 1927 59 Oberpfalz Werke Aktiengesellschaft for electricity supply (now: energy supply Eastern Bavaria Aktiengesellschaft) Oberpfalz electric power Corporation 7% first mortgage sinking fund Gold Bond 1926 60 Oldenburg, free State Free State of Oldenburg 7% external serial gold bonds 1925 61 Palatine cities: see BayerischPfälzische 62 cities Pfalzwerke Aktiengesellschaft : see Mannheim power station 63 Prussian ElektrizitätsAktiengesellschaft (Preußenelektra) Prussian electric company 6% sinking fund gold debentures - due February 1, 1954 in 1929 64 Rhein-Elbe Union Rhine Elbe Union 7% twenty-year sinking fund mortgage gold bonds - due January 1, 1946 in 1926 65 RheinischWestfälisches Elektrizitätswerk Aktiengesellschaft Rhine-Westphalia electric power Corporation 7% direct mortgage gold bonds - due November 1, 1950 in 1925 66 RheinischWestfälisches Elektrizitätswerk Aktiengesellschaft Rhine-Westphalia electric power Corporation 6% direct mortgage gold bonds - due May 1 , 1952 1927 67 rheinischWestfälisches Elektrizitätswerk Aktiengesellschaft Rhine-Westphalia electric power Corporation 6% consolidated mortgage gold bonds - due August 1, 1953 in 1928 68 RheinischWestfälisches Elektrizitätswerk Aktiengesellschaft Rhine-Westphalia electric power Corporation 6% consolidated mortgage gold bonds - due April 1, 1955 1930 69 Rhein-Main-DONAU AG Rhine-Main-Danube Corporation 7% sinking fund gold debentures, series A - due September 1, 1950 in 1925 70 Roman Catholic Church welfare institutions in Germany (the German Caritas association registered association , The Catholic school organisation of in Germany (State Committee Prussia) registered association and the Reich Association of Catholic houses of journeymen, apprentice and single homes Association) Roman Catholic Church welfare institutions in Germany 7% twenty-year secured sinking fund Gold Bond 1926/28 71 Ruhr chemicals Aktiengesellschaft Ruhr Chemical Corporation 6% sinking fund mortgage bonds, series A - due April 1, 1948 in 1928 72 Ruhrgas Aktiengesellschaft Ruhr gas Corporation 6 1 / 2% secured sinking fund bonds , Series A - due October 1, 1953 in 1928 73 RuhrwohnungsbauAktiengesellschaft Ruhr Housing Corporation 6 1 / 2% first mortgage sinking fund bonds - due November 1, 1958 in 1928 74 Leonhard Tietz Aktiengesellschaft (now: Westdeutsche Kaufhof Aktiengesellschaft) Leonhard Tietz, incorporated 7 1 / 2% twenty-year mortgage gold bonds 1926 75 United Baden cities of consolidated municipalities of Baden 7% external sinking fund gold bond - due January 1 , 1951 1926 76 United elektrizitätswerke Westfalen G.m.b.h.. (now: joint-stock company) Westphalia United Electric Power Corporation 6% first mortgage sinking fund gold bonds, series A - due January 1, 1953 in 1928 77 United industrial unternehmungen Aktiengesellschaft (Viag) United Industrial Corporation (Viag) 6% hydro-electric first (closed) mortgage sinking fund gold bonds 1925 78 United industrial unternehmungen Aktiengesellschaft (Viag) United Industrial Corporation (Viag) 6 1 / 2% sinking fund debentures gold 1926 79 United steel works joint stock company United Steel Works Corporation 6 1 / 2% 25-year sinking fund mortgage Gold bonds, series A - due June 1, 1951 in 1926 80 United steel works joint stock company United Steel Works Corporation 6 1 / 2% 25-year sinking fund mortgage gold bonds, series C - due June 1, 1951 in 1926 81 United steel works joint stock company United Steel Works Corporation 6 1 / 2% 20-year sinking fund debentures, series A - due July 1, 1947 in 1927 82 Vestische Kleinbahnen society with constrained liability (BS tram G.m.b.h..)
Vests electric railways company 7% first mortgage twenty year sinking fund gold bond - due December 1, 1947 in 1927 83 water management in the RheinischWestfälischen industrial area (Ruhr coal district), G.m.b.h.. Rhine-Ruhr water service Union 6% twenty-five year sinking fund external gold debentures - due January 1, 1953 in 1928 84 WohnhausGrundstücks-recovery - Aktiengesellschaft at the Lehniner square housing and Realty improvement company, Berlin 7% first (closed) mortgage twenty year sinking fund gold bonds 1926 85 Württemberg cities and towns (State of Wurttemberg, consolidated municipal, external loan of 1925) 7% serial Gold bonds 1925 86 Heidelberg, city city of Heidelberg 7 1 / 2% external twenty-five year sinking fund gold bond - due July 1, 1950 in 1925 87
Siemens & Halske company; Siemens-Schuckertwerke, limited liability company (now: joint-stock company) Siemens & Halske stock corporation; Siemens-Schuckertwerke company, limited 6 1 / 2% twenty-five year sinking fund gold debentures - due September 1, 1951 in 1926 88 Siemens & Halske company Siemens & Halske stock corporation 6% of participating debentures, series A - due January 15, 1930 in 1930