Annual Report of the Secretary of the Treasury On the State of the Finances for the Year .. 1926

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Commencing with the thirteenth year interest is fixed at one-eighth of 1 per cent for 3 years; one-half of 1 per cent for the succeeding 14 years; 1 per cent for the following 3 years; 2 per cent for the next 3 years, and 3M per cent during the last 27 j^ears of the period.
250 REPORT OF THE SECRETARY OF THE TREASURY The basis of settlement lias been the repayment of the principal in full and pay- ment of interest in accordance with the capacity of Yugoslavia to pay. The present value of the pa...yments on a 41^ per cent basis is $20,236,715, or about 32 per cent of the del)t funded.
Exhibit 35 STATEMENT OF AMOUNTS PAYABLE TO THE UNITED STATES ON ACCOUNT OF THE PROPOSED REFUNDING BONDS TO BE ISSUED BY THE KINGDOM OF THE SERBS, CROATS, AND SLOVENES Year 1926.
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