ETC. - United Nations Treaty Collection

1921 League of Nations - Treaty Series. 353
1 TRADUCTION. - TRANSLATION.
No. 88. - CONVENTION BETWEEN THE SWISS CONFEDERATION
AND THE GERMAN EMPIRE DEALING WITH MORTGAGES IN
GERMANY CONTAINING THE GOLD CLAUSE AND WITH CER-
TAIN CLASSES OF FRANC CREDITS DUE FROM GERMAN DEBT-
ORS, SIGNED AT BERNE DECEMBER 6, 1920.
THE SWISS CONFEDERATION AND THE GERMAN EMPIRE,
being desirous of adjusting in an equitable manner the legal relations arising from Swiss mortgages
in Germany containing the gold clause and also certain classes of franc credits due from German
debtors to Swiss creditors,
have decided to conclude the following Convention and have appointed the following as their
plenipotentiaries for this purpose : -
THE Swiss FEDERAL COUNCIL : M. Edmond SCHULTHESS, Vice-President of the Swiss Federal
Council, Deputy Head of the Federal Political Department ;
THE GERMAN GOVERNMENT : Dr. Adolf MULLER, Envoy Extraordinary and Minister Plenipotentiary
of the German Empire to Switzerland.
After having communicated their full powers, which were found in good and due form, the
plenipotentiaries have agreed upon the following regulations : -
I
A rticle I.
Within the terms of this Convention the following shall be considered as mortgages containing
the gold clause ; money credits previous to July 31st, 1914, which were expressed in marks and
guaranteed by a mortgage on German real estate, when by the terms of the contract of the loan,
the repayment of the sum lent or of this sum and of the interest thereon, was to be made " in gold, "
" in German gold ", " in Imperial German gold specie ", " in German coin of Imperial gold, "
" in German gold coin ", " in the standard of German gold ", " in the standard of Imperial gold, "
" in ready specie ", " in ready money ", or when the parties have agreed upon a similar clause
providing for the payment of the bonds in gold (the gold clause) in order to guarantee the foreign
creditor against the depreciation of the German mark.
Article 2.
The Government of the Swiss Confederation shall advise Swiss creditors owning such
mortgages containing the gold clause :
(a) to waive, for a period of ten years dating from the coming into force of this Convention,
their right to repayment of mortgages containing the gold clause and to declare
their readiness to extend such mortgages containing a gold clause for a further period
1 Traduit par le Secretariat de la Soci6t6 des
Nations.
1 Translated by the Secretariat of the League
of Nations.