Internal War Loans Belligerent Countries

8, 1915, 2 5% not later than June 18, 1915, 25% not later than
June 28, 1915, and 25% not later than July 8, 1915, all without
accrued interest. The original pledge of 10% was credited
to the last installment except in the case of deposited securities
which were returned at the request of the depositor.
The pledge could be made in cash or acceptable securities
except at tax offices, post offices and government offices
where cash only was received.
Fiscal Service—Principal and interest payable at Budapest
at the Royal Treasury, at the Post Office Treasury, at the
Tax Department or at any office of the Treasury.
Taxation—Payment of principal and interest free of any tax
or stamp duties.
Collateral Privilege—Bonds could be pledged with the Austro-
Hungarian Bank and the Hungarian War Loan offices for
loans at the then official discount rate up to at least June
8, 1916. Loans secured by acceptable collateral could be
arranged at the Austro-Hungarian Bank and the Hungarian
War Loan offices at the official discount rate, provided
the proceeds were used in payment of subscriptions
to this loan. Loans not paid by July 8, 1916, bore interest
at the rate of 5% per annum thereafter.
Deposit Privilege—Bonds upon the request of subscribers
were held for safe-keeping free of charge at offices designated
by the Government, and at the main office of the Austro-Hungarian
Bank in Budapest, at its branch offices in
Hungary, Bosnia and Herzogovina until June 30, 1916.
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