AGREEMENT No. IV.
AGREEMENT BETWEEN FRANCE, GREAT BRITAIN, ITALY, CZECHOSLOVAKIA, JUGOSLAVIA AND ROUMANIA CONCERNING THE CONSTITUTION OF A SPECIAL FUND ENTITLED "FUND B".
By an agreement of even date with the Hungarian Government the questions relating to the agrarian reforms have been settled.
Nevertheless, there remain outstanding between certain Hungarian nationals and the three Governments of Czechoslovakia, Jugoslavia and Roumania important differences concerning the application of Articles 63, 191 and 250 of the Treaty of Trianon. France, Great Britain and Italy, being desirous, in the interests of peace and friendship, to further the settlement of these differences, have agreed to intervene as set forth hereafter:
I.
A Fund shall be created the nominal capital of which shall be 100,000,000 gold crowns. This Fund shall be constituted as an autonomous entity with legal personality.
II.
The Fund shall be constituted by means of annuities as defined hereafter, calculated on the following basis
1. As from 1st January 1931 to 31st December 1943, interest at 3%, or 3,000,000 gold crowns per annum.
2. As from 1st January 1944, interest at 5% per annum with sinking fund calculated up to 31st December 1966, or 7,400,000 gold crowns per annum.
III.
For the first thirteen years from 1931 to 1943 the 3,000,000 gold crowns required shall be paid as follows:
20%, or 600,000 gold crowns
by Great Britain,
40%, or 1,200,000 gold crowns by France,
40%, or 1,200,000 gold crowns by Italy,
up to the limit of the requirements of the Fund as set forth hereafter.
These sums shall be paid in two equal instalments on 1st July and 1st January of each year, the first instalment falling due on 1st July 1931 and the last on 1st January 1944.
It is understood that the three Powers shall in no case be called upon to make payments in excess of those indicated above.
IV.
During each of the twenty-three years from 1944 to 1966 the payments to be made to the Fund shall amount to 7,400,000 gold crowns per annum. They shall be transferred from the sum of 13,500,000 gold crowns which Hungary has undertaken to pay during twenty-three years as from 1944 in respect of special claims.
V.
The Fund may issue bonds or proceed tee any credit or discount operation on the basis of the above payments.
The bonds shall be of the type corresponding to the interest and sinking fund conditions provided for in Article II above.
Nevertheless, Czechoslovakia, Jugoslavia and Roumania may jointly request that the securities issued bear interest at the uniform rate of 4% per annum during the whole of the period from 1st January 1931 to 1st January 1967, and that they be redeemable as from 1st January 1944 to 1st January 1967, the annuity for interest and sinking fund remaining constant during this latter period. The Managing Committee shall give effect to this request if the Powers concerned guarantee the 1% supplementary interest on these securities during the period between 1st January 1931 and 31st December 1943, and agree to consider themselves repaid by the interest at 1% available on the same securities during the period between 1st January 1944 and 1st January 1967.
VI.
The provisions of Article 8 of Agreement No. III concerning the mobilisation of Fund A apply also to Fund B so as to provide for the mobilisation of the latter Fund under the same conditions.
At whatever period the payments are made they shall be increased by interest at the rates provided for above, as from 1931, or the bonds shall be delivered with all their coupons attached from the beginning.
The division of the Fund between Czechoslovakia, Jugoslavia and Roumania shall be effected in accordance with an agreement to be arrived at between these three Powers.
The sentences pronounced by the Mixed Arbitral Tribunals in favour of Hungarian nationals and the agreed settlements arrived at with those nationals shall be immediately notified by the Power concerned to the Managing Committee of the Fund.
The Managing Committee shall pay the indemnities awarded by the said sentences or resulting from the said settlements within the limits of the share due to each Power.
Payment shall be made to the Power concerned on presentation of an authenticated copy of the sentence or of the settlement. Payment shall be made in bonds issued by the Fund at their nominal value. Nevertheless, if the bonds have been partially or entirely mobilised, payment in cash shall take the place of payment in bonds, within the limits of the cash resources available. These cash payments shall be made proportionately to the share of each of the three States as stated in the second paragraph of the present Article. Within six months of each payment made to it the Power concerned shall transmit to the Managing Committee proof of the payment made by that Power.
VII.
If the Fund receives a surplus from the Agrarian Fund in the circumstances provided for in Agreement No. III the capital of the Fund shall be increased by the amount received and the increased capital shall be distributed between the three Powers concerned, in accordance with the provisions agreed upon between them.
VIII.
Any saving realised by the Fund after meeting its obligations shall be distributed between France, Great Britain and Italy proportionately to their contributions.
IX.
The Fund shall be managed by a Managing Committee consisting of six members appointed respectively by the Governments of France, Great Britain, Italy, Czechoslovakia, Jugoslavia and Roumania.
The Managing Committee shall elect its Chairman and shall draw up regulations for the organisation and working of the Fund.
X.
All working expenses of the Fund shall be a charge upon the Fund.
XI.
In the event of any difference as to the interpretation or application of the present agreement the question shall be referred to an arbitrator chosen by the unanimous decision of the Managing Committee, or in default thereof to three arbitrators appointed, one by the majority, another by the minority of the Managing Committee, and the third by the President of the Permanent Court of International Justice.
Done in a single copy at Paris, the 28th of April, 1930.
LOUCHEUR
IGINO BROCCHI
For Mr. BENEŠ: IBL
N. TITULESCU
W. A. C. GOODCHILD
W. A. C. GOODCHILD
W. A. C. GOODCHILD
W. A. C. GOODCHILD
W. A. C. GOODCHILD
PHILIPPE ROY
M. SPALAIKOVITCH.
The duly authorised Representatives of the Government of His Majesty the King of the Belgians, the Government of the United Kingdom of Great Britain and Northern Ireland, the Government of Canada, the Government of the Commonwealth of Australia, the Government of New Zealand, the Government of the Union of South Africa, the Government of India, the Government of the French Republic, the Government of the Greek Republic, the Government of the Kingdom of Hungary, the Government of His Majesty the King of Italy, the Government of His Majesty the Emperor of Japan, the Government of the Republic of Portugal, the Government of His Majesty the King of Roumania, the Government of the Czechoslovak Republic, the Government of His Majesty the King of Jugoslavia,
at the moment of signing the final texts of the Agreements concerning:
1. the arrangements between Hungary and the Creditor Powers;
2. the settlement of questions relating to the agrarian reforms and Mixed Arbitral Tribunals;
3. the organisation and working of an Agrarian Fund entitled "Fund A";
4. the Agreement between France, Great Britain, Italy, Czechoslovakia, Jugoslavia and Roumania, concerning the constitution of a Fund entitled "Fund B";
5. the preamble to the Agreements relating to the obligations resulting from the Treaty of Trianon
initialled at The Hague on 20th January 1930, made the following declaration on behalf of their Governments
DECLARATION.
1. The text of the Agreements initialled at The Hague on 20th January 1930, finally settled by the Drafting Committee under the Chairmanship of M. Louis LOUCHEUR and signed this day in Paris, is known to the above-mentioned Governments;
2. The Governments concerned have already given their approval to the Agreements in question; the latter will therefore, where necessary, be submitted without delay for ratification in the form prescribed by the laws of the countries concerned.
Paris, the 28th day of April 1930.
IGINO BROCCHI
KORANYI
For Mr. BENEŠ: IBL
TOMAZ FERNANDES
ROBERT PERIER
W. A. C. GOODCHILD
W. A. C. GOODCHILD
W. A. C. GOODCHILD
W. A. C. GOODCHILD
W. A. C. GOODCHILD
PHILIPPE ROY.
OBSAH
1. Úvod.
2. Dohoda I. o ujednáních mezi Maďarskem a věřitelskými mocnostmi.
3. Dohoda II. o úpravě otázek vztahujících se na pozemkové reformy a smíšené soudy rozhodčí.
4. Dohoda III. o organisaci a činnosti agrárního Fondu nazvaného "Fond A"
A) Pamětní spis maďarské delegace předložený konferenci v Haagu.
B) Dodatek k Dohodám o rozdělení 13,500.000 zlatých korun, jež má platiti Maďarsko po r. 1943.
5. Dohoda IV. Dohoda mezi Francii, Velkou Britanii, Italii, Rumunskem, Československem a Jugoslavii o zřízení "Fondu B".
6. Prohlášení.
7. Dohoda o rozdělení "Fondu B".
8. Protokol.
9. Préambule.
10. Accord I concernant les Arrangements entre la Hongrie et les Puissances créancières.
11. Accord II. Règlement des questions relatives aux Reformes Agraires et aux Tribunaux Arbitraux Mixtes.
12. Accord III concernant l'organisation et le Fonctionnement d'un Fonds Agraire, dit ŤFonds Ať.
A) Mémoire de la Délégation Hongroise déposé a la Conférence de La Haye.
B) Avenant aux Accords signes 28 avril 1930 concernant le réparation du 13.500.000 couronnes-or a payer par la Hongrie.
13. Accord IV entre la France, la Grande-Bretagne, l'Italie, la Roumanie, la Tchécoslovaquie et la Yougoslavie relatif a la constitution d'un Fond spécial dit ŤFonds Bť.
14. Déclaration.
15. Accord concernant la réparation du Fonds B.
16. Protocole.
17. Preamble.
18. Agreement No. I concerning the arrangements between Hungary and the Creditor Powers.
19. Agreement No. II concerning the settlement of questions relating to the agrarian reforms and Mixed Arbitral Tribunals.
20. Agreement No. III concerning the organisation and working of an Agrarian Fund entitled "Fund A.".
A) Memorandum by the Hungarian Delegation submitted to The Hague Conference.
B) Rider to the Agreements.
21. Agreement No. IV. - Agreement between France, Great Britain, Italy, Czechoslovakia, Jugoslavia and Roumania concerning the constitution of a special Fund entitled "Fund B.".
22. Declaration.