The Archive · 1930

Year Telegraph Administration

Lowy oF rue MINISTRY OF

Article 1. For the purposes of reorganizing and expanding the Telegraph, Teephéne and Radio services of Ministry of Communies tions, a publi loan to be known. "The ith Year Telegraph A ministration Loan of the Ministry of Communications" shall be issued Article 2. The total amount of the Loan shall be ten million dollars ($10,000,000), National Currene; Article 3. The Bonds shall bear interest at 8 per cent. per annum.

Article 4. The Bonds shall be issued on the Ist day of the 4th month of the 19th Year of the Republic (1930).

Article 5. The Bonds shall be issued at $8 per cent. of the face Article G. The total revenue from all international messages of the Ministry shall be earmarked as the amortization fund' for the pay ment of both the principal and interest on the Bonds; in case the revenue is insaficient for the purpose, other income from the Telegraph service of the Ministry shall be appropriated to meet the payments in accordance with the Table showing the amortization of priv cipal and payment of interest. Such appropriations shall be paid in at regular intervals to the special account at the Banks designated by, they Amortization Fund Committee.

Article 7. The Amortization Fund Com shall comprise 7) members. 2 from the Ministry of Communications, 1 from the: Ministry of Finance, 1 from the Central:

Text read from the printed page and cleaned; old type leaves the occasional error.

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