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Treaty

Loan of 200 Million Yen to Thailand by the Bank of Japan - Terms of Agreement, Announcement by the Board of Information

Type
Treaty
Date
18 June 1942
Author
Board of Information
Parties
Bank of Japan · Ministry of Finance of the Thai Government
Printed in
Contemporary Japan, July, 1942, p. 1119
Section
Documentary Material

Loan of 200 Million Yen to Thailand by the Bank of Japan

(1) Terms of Agreement: Announcement by the Board of Information, June 18, 1942

(1) The Bank of Japan agrees to extend to the Ministry of Finance of the Thai Government a loan totalling ¥200,000,000 to be acquired by the Ministry of Finance of the Thai Government within a period of five years from the date of the present agreement.

(2) Loans which have been acquired by the Ministry of Finance of the Thai Government by virtue of the present agreement shall be recorded in a special deposit account which will be established in the name of the Ministry of the Thai Government with in the Bank of Japan.

(3) The Ministry of Finance of the Thai Government may purchase gold from the Bank of Japan by drawing from the foregoing special deposit account.

(4) The Ministry of Finance of the Thai Government shall pay interest for the foregoing loan from the Bank of Japan at the rate of 3.5 per cent. per annum.

(5) The Ministry of Finance of the Thai Government shall return the loans thus acquired in one sum or in instalments of several sums within a period of five years since the date of the conclusion of the present agreement.

(6) The terms under which the present loan may be made or the terms under which the present loan may be returned may be extended by consultation between the Bank of Japan and the Ministry of Finance of the Thai Government.

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