CELEX: 11957E/PRO/BEI/04
Language: en
Date: 1957-03-25 00:00:00
Title: TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 4

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11957E/PRO/BEI/04

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 4  

++++Article 4  1 . The capital of the Bank shall be seven thousand and eighty-seven million five hundred thousand units of account , subscribed by the Member States as follows :  Germany : 1 575 000 000  France : 1 575 000 000  United Kingdom : 1 575 000 000  Italy : 1 260 000 000  Belgium : 414 750 000  Netherlands : 414 750 000  Denmark : 210 000 000  Ireland : 52 500 000  Luxembourg : 10 500 000 . (*)  The value of the unit of account shall be equal to the sum of the following amounts of the national currencies of the Member States :  German mark : 0.828  Pound sterling : 0.0885  French franc : 1.15  Italian lira : 109  Dutch guilder : 0.286  Belgian franc : 3.66  Luxembourg franc : 0.14  Danish krone : 0.217  Irish pound : 0.00759 . (**)  The Board of Governors , acting unanimously on a proposal from the Board of Directors , may alter the definition of the unit of account . (***)  The Member States shall be liable only up to the amount of their share of the capital subscribed and not paid up .  2 . The admission of a new member shall entail an increase in the subscribed capital corresponding to the capital brought in by the new member .  3 . The Board of Governors may , acting unanimously , decide to increase the subscribed capital .  4 . The share of a member in the subscribed capital may not be transferred , pledged or attached .  (*) First subparagraph of paragraph 1 as amended by the Decision of the Board of Governors of 19 June 1978 ( Official Journal of the European Communities , No L 199 , 24 July 1978 ) .  (**) Second subparagraph of paragraph 1 as amended by the Decision of the Board of Governors of 30 December 1977 ( Official Journal of the European Communities , No L 199 , 24 July 1978 ) .  (***) Second subparagraph of paragraph 1 as supplemented by Article 1 of the Treaty amending the Protocol on the Statute of the Bank .