Kingdom of Serbia - 4.5% Gold Loan 1909

15038

Gold Bond of 500F - Belgrade 1909

€40.00
No tax

Gold Bond to bearer of 500 francs issued in Belgrade in 1909 for a loan of 7.5 millions of francs at an interest rate of 4.5% per year.

A new consolidation loan was issued in 1933 in order to honor the loans issued in 1895, 1902, 1909 and 1918.

A decision rendered by the Permanent Court of International Justice in The Hague on July 12, 1929 held that from April 1, 1930, the service of Serbian Loans Gold Monopolies 4% 1895, 5% 1902, 4.5% 1906 , 4.5% 1909, 6% 1918 had to be made in gold francs, the value of the gold franc being considered equivalent to that of a weight of gold corresponding to one-twentieth part of a gold coin weighing 6 grams 45161 of 900/1,000 fine gold. Following this decision, an agreement was signed in April 1930 fixing the methods for the service of the loans above, as well as bonds 4% 1910 and 1911 of the Ouprava Fondova (Crédit Foncier of the Kingdom of Serbia and securities of the Serbian Red Cross Society).

A new agreement concluded in July 1938 modified the conditions of payment of interest for 1932-1935. The amortization of the said loans was suspended until 1935, except with regard to the Red Cross.

15038
1 Item

Data sheet

Country
Serbia
Theme
Loans
Design
Yes
Condition
VF

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