Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-12
Text of Hoover Protocol
German External Loans of 1924 and 1880 Not
affected by Prorision-Snspended amount
Anortized at Per Cent Interest.
the Associated Press.

BY the Associated Press.
LONDON. August 12.-The following
is the text of the protocol with Germany
signed by the Hoover moratorium plan
experts Of several countries at London
yesterday
whereas. on June 20, 1891, the Presi-
dent of the United States OF America
made proposals for the suspension of
ntergoyernmental debts falling due
during the year extending from July /,
1881, TO June 80, 1882:
And whereas, the governments sigma
tories Of the present protocol have &C
cepted said proposal and have agreed
to apply them in particular to the obli-
cations OF the German government I'M
der the agreement signed at The Hague
January 20, 1890:
And whereas, the French government
and the Government of the United
States of America concluded an ar
rangement on this subject at Paris on
July s, 1881;
And whereas, it is accordingly neces-
sary to provide for the application OF
the new plan in the conditions thus
created;
And in view of the report dated Au-
gust II, 1881 drawn up by the experts
who met in London for this purpose;
The undersigned, duly authorized to
that effect, have agreed as follows;
1924 Loan Not Affected.
Article I. Nothing in the present
protocol shall in any way alter or affect
existing provisions for the service OF the
German external loan of 1924. in par
ticular the provisions of article XII
and annex XII of The Hague agreement
of January 20. 1880, concerning that
loan. The service OF the German gov
ar.Am %f0nCI EIL rant lAaF1
OF 1880 shall continue to be effected
punctually and duly, in conformity with
the provisions Of the general bond and
other agreements securing said loan.
Article II. TIE payment OF the un-
conditional part Of the annuity from
,TuIv 1880. TO June 30, 1882. and of
the repara ton tax due by the German
Railway Co. from August !, 1891, 10
July l. 1882. will be governed by pro-
visions Of annex I to the present pro-
tocol
Article III. The payment Of the
Conditional part of the annuity falling
due from July Is, 1891, to July Is, 1892,
both inclusive, shall be suspended. The
amounts thus suspended shall, unless
otherwise agreed. be repaid as from
july l. 1888, together with interest at
per cent from said date, by 10 equal
annuities OF lit 1871 900 reichsnarks, the
TclCHSf1aIk DcnAE NGA4AANA nS - WY
Man These repayment annuities shall
be paid by equal monthly installments
on the 18th day Of each month from
July is, 1888, TO June Is, ls4S, inclu-
sive.
r. No Option Given.
The payments provided for by this
article viii be an absolute obligation,
involving no option Of postpcnement.
They VIII Be made in foreign cuTTencies
as provided In the new Plan.
Relevant coupons Of debt certificates
delivered by the German government to
the World Bank Of international Set
Elements as trustee for the creditor
governments under the new plan shall
Be Endorsed accordingly by the German
government and by the World Bank
for international Settlements. on behalf
OF creditor governments. as soon IS
possible after the coming into force Of
the present protocol.