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than one year distant from the date when it becomes due unless and until the payment previously postponed shall actually have been made, and the payment falling due in the second succeeding year cannot be postponed at all unless and until the payment of principal due two year's previous thereto shall actually have been made.

This bond may be paid on any interest date before maturity in whole or in part, in amounts of $1,000,000 or multiples thereof, at the option of Great Britain, on not less than ninety days advance notice.

This bond is issued by Great Britain pursuant to the Proposal, dated the 18th day of June, 1923, and to the Acceptance of Proposal, dated the 19th day of June, 1923.

In Witness whereof Great Britain has caused this bond to be executed in its behalf by the Counsellor of His Britannie Majesty's Embassy at Washington, thereunto duly authorised.

For the United Kingdom :

Dated 15th December, 1922.

(Back.) The following amounts have been paid upon the principal amount of this bond:

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ACCEPTANCE.

The Right Honorable

SIR AUCKLAND GEDDES, G.C.M.G., K.C.B.,
Ambassador Extraordinary and Plenipotentiary,

The British Embassy,

Washington, D.C. MY DEAR MR. AMBASSADOR,

I have the honor to acknowledge the receipt of your note of the 18th June, 1923, transmitting the proposal dated the 18th day of June, 1923, by His Britannie Majesty's Government to the Government of the United States of America regarding the funding of the debt of Great Britain to the United States. This proposal is agreeable to the World War Foreign Debt Commission, and I am writing for the Commission and by its authority to advise you that the proposal is hereby accepted on behalf of the United States of America, pursuant to the authority conferred by the Act of Congress approved February 9, 1922, as amended by the Act of Congress approved February 28, 1923.

In accordance therewith I am writing to ask that bonds as contemplated thereby may be delivered as soon as possible to the Secretary of the Treasury of the United States in exchange for the demand obligations amounting to $4,074,818,359.44 now held by him, which are otherwise now payable.

Very truly yours,

A. W. MELLON,
Secretary of the Treasury and Chairman of the

World War Foreign Debt Commission.

Approved
WARREN G. HARDING,

President

June 19, 1923.

(41732) Wt. 1290-517 1000 7/23 H. St. G. 18

ANNUAL ACCOUNTS of EXCHEQUER BILLS, and other GOVERNMENT SECURITIES purchased,

SECURITIES purchased, and AMOUNT of BALANCES of Sums issued for the Payment of DIVIDENDS: &c., for the Year ending 5 January 1923.

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(Presented pursuant to Acts 59 Geo. 3, c. 76, 8, 5, and 24 Vict. c. 3, s. 9.)

Ordered, by The House of Commons, to be Printed,

13 February 1923.

LONDON:
PUBLİSHED BY HIS MAJESTY'S STATIONERY OFFICE.

To be purchased through any Bookseller or directly from

H.M. STATIONERY OFFICE at the following addresses : IMPERIAL House, KINGSWAY, LONDON, W.c.2, and 28, ABINGDON STREET, LONDON, S.W.1; 37, PETER STREET, MANCHESTER; 1, ST. ANDREW'S CRESQLNT, CARDIFF;

or 120, GEORGE STREET, EDINBURGU,

Price 2d. Net

AN ACCOUNT of the AMOUNT of all EXCHEQUER Bills, and other GOVERNMENT

SECURITIES, which have been purchased by the Governor and Company of the Bank of England, or on which any Sum or Sums have been lent and advanced for the Public Service by the Governor and Company of the said Bank, in the Year ending 5th January 1923; showing what amount of such Bills, before the making up of this Account, has been paid off and discharged, and the Amount of such Exchequer Bills, or other Government Securities, which was in the hands of the Governor and Company of the said Bank on the 5th day of January 1923 aforesaid ;-pursuant to 59 Geo. 3, c. 76.

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Amount
purchased,
or on which
any sums have
been advanced,

in the
Year ending
5th January 1923.

€ Deficiency Advances, per 29 &

30 Vict. c. 39, s. 12, in the Quarter ending 31st March 1922,

advanced Deficiency Advances, per 29 &

30 Vict, c. 39, s. 12, in the Quarter ending 30th June 1922, ad

vanced Deficiency Advances, per 29 & 30 Vict. c. 39, s. 12, in the Quar

Nil ter ending 30th September 1922,

advanced Deficiency Advances, per 29 &

30 Vict. c. 39, s. 12, in the Quarter ending 31st December 1922,

advanced
Deficiency Advances, per 29 &

30 Vict. c. 39, s. 12, 5th January
1923, advanced
Advances to H.M. Exchequer-

Ways and Means." Advanced during the Quarter ending 31st March 1922—

Per Act 11 & 12 Geo. 5. c. 46 72,500,000
Advanced during the Quarter end-
ing 30th June 1922
Per Act 12 Geo. 5. c. 3.

113,750,000
Advanced during the Quarter end-
ing 30th September 1922—
Per Act 12 Geo. 5. c. 3.

5,750,000
Per Act 12 & 13 Geo. 5. c. 32. 13,750,000
Advanced during the Quarter end-
ing 31st December 1922—

Per Act 12 & 13 Geo. 5. c. 32. 67,250,000
Advanced from 1st to 5th January
1923
Per Act 12 & 13 Geo. 5. c. 32. 6,250,000
BANK OF ENGLAND,

13th February 1923.
(16)19982

625 4/23 (No, 11)

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Wt 28309–2243

AN ACCOUNT of the AMOUNT of BALANCES of Sums issued for the PAYMENT

of DIVIDENDS due and not demanded, and which remained in the hands of the Governor and Company of the Bank of England on the undermentioned days, being those next before the Issue from the Exchequer of Money for the Payment of Dividends on account of the National Debt, for each of the Four preceding Quarters respectively ;-pursuant to Act 24 Vict. c. 3.

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