Page:United States Statutes at Large Volume 46 Part 1.djvu/92

 SEVENTY-FIRST CONGRESS. SEss. II. Cg. 6. 1929 . 49 Princ ipal of obligations held for cash advanced under Liberty bond acts____ $2,933,405,070 .15 Accr ued and un paid inter est at 41/4 per centum to December 15, 1922	445, 066, 027.49 Principal of obligations given for surplus war supplies purchased on credit	407, 341,145 .01 Interest at 41/4 per centum from the last i nterest pay ment date prior to D ecem- ber 15, 1922, to December 15, 1922__-- 6,324,940.79 $3,378 ,471,097 .6 4 413, 666, 085.80 Total indebtedness as of December 15, 1922 	3, 792,137, 183 .44 Accrued and unpaid interest at 3 per centum per annum on this amount from December 15, 1922, to June 15, 1925 	284, 410,288 .75 Total indebtedness as of June 15, 1925 4, 076,547,47 2 .1 9 CREDITS Payments received on account of interest b etween Decemb er 15, 1922, and Jun e 15, 1925 $50,917,643 .13 Payments on account of principal since De cember 15, 19 22 23 0,171. 44 Inte rest on pr incipal pa yments at 3 per centum per annum from date of pay- ment to June 15, 1925	 12, 970.73 51,160, 785.30 Net indebtedness as of June 15, 1925 	4, 025, 386,686 .89 Paid in cash upon execution of agreement 386,686 . 8 9 Co mpu tati on the reof. Total indebtedness to be funded into bonds 	4, 025, 000, 000.00 The principal of the bonds shall be paid in annual installments on 1'rilo,pal paya ble in June 15 of each year up to and including June 15, 1987, on a fixed schedule. France will pay the following annual principal installments during the first five years The amount of the principal installment due the sixth year shall y mounts af ter fifth be $1,350,000, the subsequent annual principal installments increasing unt il in th e sixty-s econd ye ar of th e debt-f unding pe riod the final principal installment shall be $113,694,786 .64, the aggregate prin- cipal installments being equal to the total principal indebtedness to be funded into bonds. France, at its option, upon not less than optional postpone- ment of principal and ninety days' advance notice to the United States, may postpone so interest prior to 1932. much of any payment on account of principal and/or interest falling due in any one year after June 15, 1926, and prior to June 16, 1932, as shall be in excess of $20,000,000 in any one year, to any subsequent June 15 or December 15 not more than three years distant from its due date ; and upon like notice France, at its option, e ipaalaf ten t on may postpone any payment on account of principal falling due after June 15, 1932, to any subsequent June 15 or December 15 not more than three years distant from its due date, but any such postpone- ment shall be only on condition that in case France shall at any condition. time exercise this option as to any payment of principal and/or 57894°-31 -- 4 June 15, 1926	$30 ,000,000 June 15, 1927 30,000,000 June 15, 1928	32, 500 ,00 0 June 15, 1929 32,500,000 June 15, 1930	35, 000 ,00 0
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