Act No. 26 / 1950 Coll.
Law amending the Act on the definitive adjustment of internal government debt and certain other debts from the period up to 31 December 1945
Valid
Effective from 23.03.1950
26.
Law
of 22 February 1950
amending the law on the definitive adjustment of the internal government debt and certain other debts from the period up to 31 December 1945.
The National Assembly of the Czechoslovak Republic decided on the following Act:
Paragraph 19 of Act No. 168 / 1949 Coll., on the definitive adjustment of internal government debt and certain other debts from the period until 31 December 1945, is amended and read as follows:
"(1) For 6% of the bonds to be purchased pursuant to Paragraph 18 (1), the Postal Savings Bank shall issue:
(a) for every £50, the nominal value of 6% of the English tranche bonds with a coupon of 1 June 1949, Kčs 7000, the nominal value of 31 / 2% of the unified State loan A with interest at 16 February 1950;
(b) for every £10 (or £1 242,137 gold francs from 1928) the nominal value of 6% of the French tranche bonds with a coupon of 1 June 1949, CZK 1511 the nominal value of 31 / 2% of the unified State loan issue A with interest on 16 February 1950.
(2) 6% of the French tranche bonds belonging to the same owner are added up for redemption under this Act. Residues below 1000 CZK are paid in cash.
(3) At the same time as the transactions referred to in paragraphs 1 and 2, 31 / 2% interest shall be paid in cash for the period from 1 December 1948 to 15 February 1949, namely:
a) Kčs 51. - for every £50 nominal value 6% of the English tranche bonds,
b) Kčs 11. - for every £10 nominal value 6% of the French tranche bonds.
(4) For each missing coupon of 6% of bonds with a maturity of 1 June 1949 or later, the owner shall be obliged to pay back:
a) Kčs 210. - for each £1.10, - payout value of coupons English tranche,
b) Cčs 86. - for each £0.6, - payout value of coupons of French tranche. "
This Act shall take effect on the day of its publication; to be carried out by the Minister for Finance.
Gottwald v. r.
Dr John v. r.
Zaporocký v. r.
Cable v. r.
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Regulation Information
| Citation | Act No. 26 / 1950 Coll., amending the Act on the definitive adjustment of internal government debt and certain other debts from the period up to 31 December 1945 |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 23.03.1950 |
|---|---|
| Effective from | 23.03.1950 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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