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Internal War Loans Belligerent Countries

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Principal of bonds not so presented on December 14, 1920,<br />

and interest on all bonds are payable at the State Bank, its<br />

branches and offices, at offices of the treasury where no<br />

branch or office of the State Bank is located, and at other<br />

places subsequently designated by the Minister of Finance.<br />

Taxation—Payment of interest is forever free from the tax<br />

on revenue from money capital.<br />

Collateral Privilege—These bonds are accepted at prices fixed<br />

semi-annually by the Minister of Finance and published<br />

by the Government, as deposits pledged against (1) Government<br />

contracts and deliveries, (2) excise payable in installments<br />

and (3) customs duties.<br />

S2

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