Amendment to the Anglo-American Financial Agreement: Hearings Before the Subcommittee on Foreign Economic Policy of the Committee on Foreign Affairs, House of Representatives, Eighty-fifth Congress, First Session, on H.J. Res. 271, to Implement Further the Act of July 15, 1946, by Approving the Signature by the Secretary of the Treasury of an Agreement Amending the Anglo-American Financial Agreement of December 6, 1945. March 18 and 19, 1957U.S. Government Printing Office, 1957 - 52 páginas Considers legislation to revise the Anglo-American Financial Agreement of 1945 to authorize deferral of U.S. loan repayment by Great Britain. |
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Amendment to the Anglo-American Financial Agreement: Hearings... United States. Congress. House. Foreign Affairs Visualização integral - 1957 |
Palavras e frases frequentes
1945 agreement action advantage agree amendment amount ANGLO-AMERICAN FINANCIAL AGREEMENT annual installments answer approved arrangement Bank BARRATT O'HARA Britain British Government British loan BROOKS HAYS carry Chairman CHURCH claim clarify Congress contract correct countries Cyprus debts December 31 default deferred installments discussed dispute dollars drawing effective date executed figure FOREIGN ECONOMIC POLICY foreign policy FULTON going HAROLD CACCIA HAYS of Arkansas Indebtedness of foreign interest due interest payments international exchange International Monetary Fund KALIJARVI KELLY last payment lawsuit legislation lend-lease line of credit March March 19 MARGUERITE STITT CHURCH matter ment million mittee negotiations O'HARA obligations option original agreement paragraph percent postwar principal and interest releases or payments repayment requested right of waiver Secretary HUMPHREY seven Sir John Harding Staff Assistant statement sterling area Thank thing tion U. S. Government understand United States Government VORYS waiver of interest young ZABLOCKI
Passagens conhecidas
Página 51 - December 31, 1948, to the extent to which they are treated by agreement with the countries concerned on the same basis as the balances accumulated during the war) will be freely available for current transactions In any currency area...
Página 51 - Order, 1944, to be included in the sterling area, namely, "the following Territories, excluding Canada and Newfoundland, that is to say: (a) any Dominion, (b) any other part of His Majesty's Dominions, (c) any territory in respect of which a mandate on behalf of the League of Nations has been accepted by His Majesty and is being exercised by His Majesty's Government in the United Kingdom, or in any Dominion, (d) any British Protectorate or Protected State, (e) Egypt, the Anglo-Egyptian Sudan and...
Página 49 - Kingdom finds that a waiver is necessary in view of the present and prospective conditions of international exchange and the level of its gold. and foreign exchange reserves and (b) the International Monetary Fund certifies that the income of the United Kingdom from home-produced exports plus its net income from invisible current transactions in its balance of payments was on the average over the five preceding...
Página 51 - ... that is to say — (a) any Dominion, (b) any other part of His Majesty's dominions, (c) any territory in respect of which a mandate on behalf of the League of Nations has been accepted by His Majesty and is being exercised by His Majesty's Government in the United Kingdom or in any Dominion, (d) any British protectorate or protected State, (e) Egypt, the Anglo-Egyptian Sudan and Iraq, (/) Iceland and the Faroe Islands.
Página 51 - There may be special necessity for the country imposing such restrictions to assist, by measures not involving a substantial departure from the general rule of nondiscrimination, a country whose economy has been disrupted by war ; or (c} Either Government imposes quantitative restrictions having equivalent effect to any exchange restrictions which that Government is authorized to impose in conformity with Article VII of the Articles of Agreement of the International Monetary Fund. The provisions...
Página 49 - Each instalment shall consist of the full amount of the interest due and the remainder of the installment shall be the principal to be repaid in that year. Payments required by this section are subject to the provisions of section 5.
Página 49 - December 31, 1951, with interest at the rate of 2 percent per annum. Interest for the year 1951 shall be computed on the amount outstanding on December 31, 1951, and for each year thereafter, interest shall be computed on the amount outstanding on January 1 of each such year. Forty-nine annual installments of principal repayments and interest shall be equal, calculated at the rate of $31,823,000 for each...
Página 51 - ... be released at once and convertible into any currency for current transactions, (b) balances to be similarly released by installments over a period of years beginning in 1951, and (c) balances to be adjusted as a contribution to the settlement of war and postwar indebtedness and in recognition of the benefits which the countries concerned might be expected to gain from such a settlement.
Página 49 - It is understood that any amounts required to discharge obligations of the United Kingdom to third countries outstanding on the effective date of this Agreement will be found from resources other than this line of credit.
Página 49 - Waiver of interest will not be requested or allowed under section 5 in any year unless the aggregate of the releases or payments in that year of sterling balances accumulated to the credit of overseas governments, monetary authorities and banks (except in the case of colonial dependencies) before the effective date of this Agreement is reduced proportionately, and unless interest payments due in that year on loans referred to in (ii) above are waived.