Decree of the Ministry of Finance No. 125 / 1961 Coll.
Decree of the Ministry of Finance on the takeover of certain Romanian securities by the Czechoslovak State
Valid
Effective from 23.11.1961
125
DECLARATION
Ministry of Finance
of 23 October 1961
on the takeover by the Czechoslovak State of certain Romanian securities
The Ministry of Finance provides pursuant to § 5 (1) (c) and § 7a (1) of the Second Act No. 107 / 1953 Coll., on foreign exchange economy, as amended by Act No. 64 / 1958 Coll., *) pursuant to § 3 of Act No. 100 / 1961 Coll., on the modification of certain claims and obligations between Czechoslovak and Romanian persons, and on the basis of the principles established by the Government:
(1) This decree provides for the takeover of Romanian securities by the Czechoslovak State, which was held on 24 March 1961 by Czechoslovak legal or natural persons who were resident or established on the territory of the Czechoslovak Socialist Republic on that day.
(2) For the purposes of this decree, Romanian securities are all securities (both internal and foreign) issued by the Romanian State and Romanian legal persons, including those of older issues, as well as separate coupons of such securities.
(1) The Romanian securities referred to in § 1 (hereinafter referred to as "securities"), which are in custody according to Decree No. 95 / 1945 Coll. in the territory of the Czechoslovak Socialist Republic, will transfer the relevant national monetary institution to the account of the Czechoslovak State at the Czechoslovak State Bank in Prague for the Romanian State. The transfer shall be notified by the home monetary institution of the holder.
(2) Securities which are outside the territory of the Czechoslovak Socialist Republic are required to be transferred by the holder (Paragraph 1 (1)) at the order of the Czechoslovak State Bank to the account which this bank will designate.
(3) Securities which were to be registered under Decree No. 95 / 1945 Coll., but were not registered, * *) and are in the territory of the Czechoslovak Socialist Republic, but not in custody under that decree, shall be deposited in the account referred to in paragraph 1 by 31 December 1961.
(1) The Czechoslovak State grants compensation for Romanian foreign loans listed in the Annex, if they have been registered and lodged in a tied custody according to Decree No. 95 / 1945 Coll., registered for property benefits under Act No. 134 / 1946 Coll. and transferred under § 2 (1) or (2) of this Decree; no refund shall be granted for coupons on such securities, whether attached or separated, as well as for other Romanian securities.
(2) The amount of the refund shall be fixed at the rates shown in the Annex hereto. The refund shall be reduced by a flat-rate payment for deposit fees and bank charges and, where appropriate, by other commitments; the flat-rate deposit shall be 2% for securities deposited abroad and 1% for securities deposited domestically.
(3) Reimbursement shall be granted once the securities are transferred in accordance with Paragraph 2 (1) or (2). The provisions on the acquisition of property by socialist organisations from private individuals apply mutatis mutandis to the way in which the compensation, payment and release are paid. *)
(4) Compensation shall not be granted to state organisations.
State organisations shall write down securities from their accounts (§ 1) on the date of their transfer pursuant to § 2 (1) or (2).
This decree shall take effect on the day of its publication.
Deputy Minister:
Dvořák v. r.
Annex to Decree No. 125 / 1961 Coll.
| Označení půjčky | Za nom. | Sazby v Kčs | |
|---|---|---|---|
| 7 % | zahraniční, zaručená, umořitelná zlatá půjčka královské rumunské monopolní pokladny, stabilizační půjčka z roku 1929 v $ | $ 100,— | 7,20 |
| 7 % | zahraniční, zaručená, umořitelná zlatá půjčka královské rumunské monopolní pokladny z roku 1929 v Lstg | Lstg 100,— | 70,56 |
| 5 % | umořitelná půjčka z roku 1926 v Lstg | Lstg 100,— | 10,08 |
| 41/2 % | zahraniční umořitelná zlatá půjčka z roku 1913 v Lstg | Lstg 100,— | 70,56 |
| 4 % | zahraniční umořitelná konsolidační renta z roku 1922 v Lstg | Lstg 100,— | 80,64 |
| 4 % | umořitelná konsolidační renta z roku 1922 - anglická tranše - v Lstg | Lstg 100,— | 70,56 |
| 4 % | umořitelná konsolidační renta z roku 1922 - francouzská tranše - v Lstg | Lstg 100,— | 70,56 |
*) The full text of Act No. 107 / 1953 Coll. see Decree No. 80 / 1958 Coll.
* *) Securities which were to be registered according to Decree No. 95 / 1945 Coll. and were not registered were forfeited to the State.
*) Decree of the Ministry of Finance No. 206 / 1958 Ú. l., on the acquisition of property by private individuals by socialist sector organisations as amended by Decree No. 134 / 1960 Coll.
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Regulation Information
| Citation | Decree of the Ministry of Finance No. 125 / 1961 Coll., on the takeover of certain Romanian securities by the Czechoslovak State |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 23.11.1961 |
|---|---|
| Effective from | 23.11.1961 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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