Selanjutnya
AGREEr·lENT BET-1:.fEEN THE GOVERNMENT OF THE REPUBLIC
OF INDONESIA AJ.fD THE GOVERNMENT OF THE REPUBLIC OF ITALY
FOR THE FINAHCING OF INDONESIA'S COMIV"iERCIAL DEBTS
The Government of the Republic of Indonesia and the
Government of the Republic of Italy, in the spirit of the
relations of friendship and economic cooperation, have
agreed as follows:
Article I
The Italian Government shall authorize -under the
provisions of the art. 12 of Italian Law No .131 of February
28, 1967 -such one (or more) of the Italian medium-term
credit Institutions as may apply for authorization to grant
to the Bank Indonesia -acting on behalf of the Indonesian
Government- a financial credit up to a maximum of Italian
Lire 2 .188.751.000=(Two milliard one hundred eighty eight
million seven hundred fifty one thousand) devoted to strengthen the economic development of Indonesia. The guarantees
provided under the Italian laws may be given in respect of
the financial credit granted under this article .
Article II
The proceeds of the financial credit granted under
Article I shall be put at the disposal of the Bank Indonesia
with an Italian Bank designated by the Bank Indonesia.
Article III
The financial credit granted under Article I shall
be repaid by the Bank Indonesia in Italian Lire by 32
quarterly instalments as followst
./.
2.-
- 4 quarterly instalments of 1 , 25% each, payable on January
1, April 1, July 1 and October 1 of the year 1972;
- 12 quarterly instalments of 2,50% each, payable on
January 1, April 1, July 1 and October 1 of theyearsl973 ,
1974 and 1975;
- 12 quarterly instalments of 3 , 75% each, payable on
January 1, April 1 , July 1 and October 1 of the years 1976 ,
1977, and 1978;
- 4 quarterly instalments of 5% each, payable on January 1 ,
April 1 , July 1 and October 1 of the year 1979 .
Article IV
The Bank Indonesia -acting on behalf of the Indonesian
Government- shall enter into a direct Agreement with the
Italian medium-term credit Institutions with respect to the
conditions and terms of the financial credit granted under
Article I .
Article V
The present Agreement shall come into force on the
date of the signature .
Done at Djakarta this ninth day of April, 1969,
in duplicate, in the English language .
ｆｯｲ｜ｾｨ･＠
Government of the
Re\p\blic of Indonesia ,
Signed
For the Government of the
Republic of Italy ,
Signed
ａｾｉｂｓｄｏｒ＠
OF THE REPUBLIC OF ITALY
Djakarta , April 9 ,
1969 . -
Your Excellency,
I have the honour to refer to the Agreement signed
today regarding the grant of a financial credit to the Indonesian Government, and for it to the Bank Indonesia, for
an amount of 2 . 188 . 751 . 000 (two milliard one hundred eighty
eight miJlion seven hundred fifty one thousand) Italian
Lire, and wish to inform you that the Government of Italy
undertakes to i:;rant the Italie.n medium term credit
Institutions which shall open the above mentioned credit a
subsidy o:: such an amount as to ensure th2t the rate of
interest payable by the Indonesian Government \·:ill not
exceed 4% (four per cent) per annum , inclusive of the
insurance premium. The said interest shall be transferred
to Italy as follows :
a) In the case of interest accruing up to and including
31st December 1971, the total amount accrued shall be
capitalized on a non-compounded ｢ｾｳｩ＠
and shall be paid in
8 equal yearly instalments beginning on first January 1972 .
These 8 instalments will bear no interest whatsoever;
b) In the case of interest accruing on and after January
1, 1972 , the amounts accruing shall be payable quarterly
the first time on April 1, 1972 .
I shall appreciate it, Excellency, if you will
inform me of the concurrence of your Government on the
contents of this letter .
Please accept , Excellency, the assurances of my
highest consideration.
Signed
His Excellency AD.A.U MALIK
Minister of Foreicn Affairs
of the Republic of Indonesia,
D J A K A R T A. -
PIERLUIGI ALVERA
I
J--
AI"IBASSADOR OF THE REPUBLIC OF ITALY
Djakarta, April 9,
1969.-
Your Excellency,
I have the honour to acknowledge receipt of your
letter of today's date, reading as follows :
"I have the honour to refer to the financial Agreement signed
today and I shall appreciate if you will inform me of the
concurrence of your Government on the contents of this letter:
1. The proceeds of the financial credit granted under Article
I of the above said Agreement shall be put at the disposal
of the Bank Indonesia -acting on behalf of the Indonesian
Government- up to a maximum of Italian Lire 78.434.000.(seventy eight million four hundred thirty four thousand)
in a "Special Account A" in Italian Lire with the Italian
Bank designated by the Bank Indonesia.
2. The proceeds of the "Special Account A" shall be utilized
by the Indonesian Government only to effect, to the extent
of 70 per cent, the immediate payment in Italy of the Indonesian debts, both principal and interest, due between 1
J anuary , 1968 and 31 December, 1968 both dates inclusive,
and unpaid at today's date, .corresponding to Italian
credits of more than 180 days arising from contracts
entered into force before July 1, 1966 -relating to Italian
supply of goods and/or services- which have not been
covered by the Italian insurance credit guarantee . The
Italian credits are those listed in the Annex herewith
attached.
His Excellency Adam Malik
Minister of Foreign Affairs
of the Republic of Indonesia,
D J A K A R T A.-
. I.
- 2 -
It is understood that the payment of the above mentioned
quota of 70 per cent will be made after that the Italian
creditors concerned will have accepted to receive from
the Bank Indonesia -acting on behalf of the Indonesian
Government- the settlement of the residual quota of 30
per cent through a transfer scheme identical to that
indicated in Article III of the mentioned Agreement.
3. On the full amount (100%) of the not insured I talian
credits under the provisions of the above mentioned par.
2, the Indonesian Government shall pay to the Italian
creditors concerned moratorium interest at the rate of 4%
(four per cent) per annum from original maturities up to
the date of ｳ･ｴｬｾｮ＠
of the debts by a transfer to the
appropriate Italian creditors. Such moratorium interest
shall be calculated and transferred as follmlS :
a) - the total amount of moratorium interest accrued from
the original maturities up to and including December
31, 1971 shall be capitalized on a non compounded
basis and shall be paid in 8 equal yearly instalments,
the first of which due on January 1, 1972 and the
last one on January 1, 1979 . These 8 instalments will
bear no interest whatsoever.
b) - moratorium interest which will accrue from January 1,
1972 on-.-1ards, shall be paid quarterly the first time
on April 1, 1972 .
4. The conditions for the utilization of the above "Special
Account A" shall be communicated by the competent Italian
Authorities to the Italian Bank with which the said
Special Account is kept.
Please accept, Excellency, the assurances of my
highest consideration."
./.
- 3 -
I have the honour to inform you that the Government
of the Republic of Italy agrees with the contents of the
above mentioned letter .
Please accept, Excellency, the assurances of my
highest consideration.
Signed
PIERLUI GI ALVERA
INDONESIA - NOT INSURED OPERATIONS
(CONTRACTS WHICH COME INTO FORCE PRIOR TO JULY, 1966)
ITALIAN CREDITS OVER 180 DAYS, WHICH MATURED DURING 1968
========================T=====================T==============================T===========T=============
.
.
Italian creditor
(Indonesian debtor )
, Total amount of the ,
Installments of credit
,
supply
,
,
us$ t
Lit.
' Matured, us 8 t
Lit.
, Financing,consolidation
,-----------------------, Quota 70%, Quota 30%
t
( Lit.) '
(Lit.)
ＭｔｾＬＮ
t
Soc. GIE - Milano
' 886.573'554.108.125 t 1. 3.68'
(dom.10438 - Autoriz.
1. 6.68'
Min.For Trade V/450296
•
of 27.7.1965)
1.
9.68'
'
(The Ministry of Public ,
Works and Power of the
1.12.68'
Republic of Indonesia Djakarta)
' 19.916.313'
8.535.562
45.523' 28.451.875
t
45.054• 28.158.750
t
19.711.125''
44.585' 27.865.625
t
19.505.938''
8.359.687
' 19.300.312'
8.271.563
'
44.115'' 27.048.125
'
'
'
t
t
8.447.625
t
t
t
t
'
'
T o
t
t
a
1
.•
t
t
'179.277'112.048.125
t
"
' 78.433.688' 33.614.437
'
===========================================
====
_j
AI·IBASSADOR OF THE REPUBLIC OF ITALY
Djakarta, April 9 , 1969 . -
Your Excellency,
I have the honour to acknowledge receipt of your letter of
today's date, reading as follows :
"I have the honour to refer to the financial Agreenent signed
today and I shall appreciate if you will inform me of the
concurrence of your Government on the contents of this letter
1.
The proceeds of the financial credit granted under Article
I of the above said Agreement shall be put at the disposal of the
Bank Indonesia - acting on behalf of the Indonesian Government- up
to a maximum of Italian Lire 2 . 110 . 317.000 (two milliard one
hundred ten million three hundred seventeen thousand), in a
"Special Account B" in Italian Lire with the Italian Bank
designated by the Bank Indonesia .
I
2.
The proceeds of the 11 Special Account B" shall be utilized
by the Indonesian Government only to enable the Italian Bank
which keeps the Special Account to become assignee, in its own
name (but on behalf of the Bank Indonesia), of the credit-quotas
not covered by insurance, of the Italian credits guaranteed by
Italian State Insurance which are attached to the consolidation
Agreement signed today. These assignments remain subordinated to
the settlement by the Instituto Nazionale delle Assicurazioni
( I NA) to Italian creditors of the indemnity due in accordance
with the terms of the insurance Policy, and shall be effected
against payment to the assigners of an amount in Italian Lire
equal to the full credit-quotas assigned .
. /.
His Excellency Adam Malik
Minister of Foreign Affairs
of the Republic of Indonesia,
D J A K A R T A.-
l
- 2 -
3.
On the full amount of the credit-quotas assigned under
the above paragraph 2, the Indonesian Government shall pay to
the Italian creditors concerned moratorium interest at the
rate of Ｔｾ＠
(four ｰＳＺＮｾ＠
c,1,:;; 1t) p ｾｲ＠
[:.:J....1un.
.Mora tori um L1terest
shall accrue during, and shall be payable in respect of, the
period fron maturity until the date of the assignment of the
credit- quotas concerned .
Such aoratorium interest shall be capitalized on a nonco1npounded basis and shall be paid to the appropriate Italian
creditors by 8 equal yearly instalments the fir . ..-'v of which
full i ng on January 1, 1972 and the last one on January 1,1979.
These 8 instalments will bear no interest whatsoever .
4.
The conditions of the utilization of the above "Special
Accoun.t B" shall be corununica ted by the co. -.i?-- ta::lt It&lian
Authorities to the Italian Bank with which the said Special
Account is kept .
Please accept , Excellency, the assurances of my
highest consideration."
I have the honour to inform you that the Government of
the Republic of Italy agrees wi th the contents of the above
mentioned letter .
Please accept , Excellency, the assurances of my highest
considerati on .
Signed
PIERLUIGI ALVERA
AMBASSADOR OF THE REPUBLIC OF ITALY
Djakarta,
December 10,
1968.-
Your Excellency,
I have the honour to refer to the Consolidation
and Financial Agreements signed at Djakarta on July 17, 1968,
and I shall appreciate if you will inform me of the concurrence of your Government on the contents of this letter :
1. The list of Italian credits (insured operations) attached
to the above mentioned Consolidation Agreement shall befollowing the final reconciliation of the data- cancelled
and substituted by the list herewith attached.
2. The amount of the credit granted under Article I of the
above mentioned Financial Agreement shall be brought
from Italian Lire 10.626.000.000.= (ten milliard six
hundred twenty-six million) to Italian Lire 10.960.060.000.
(ten milliard nine hundred sixty million sixty thousand).
3. The amount of the credit indicated in the letter attached
to the aforesaid Financial Agreement concerning the
Italian Government subsidy of interest, shall be brought
from Italian Lire 10.626.000.000.= (ten milliard six
hundred twenty-six million) to Italian Lire 10.960.060.000
(ten milliard nine hundred sixty million sixty thousand).
Please accept, Excellency, the assurance of my
highest consideration.
Signed
His Excellency Adam Malik
Minister of Foreign Affairs
of the Republic of Indonesia,
D J A K A R T A .-
Pierluigi Alvera
Ambassador of Italy.
AMBASSADOR OF THE REPUBLIC OF ITALY
Djakarta,
December 10,
1968.-
Your Excellency,
I have the honour to refer to the letter signed
today regarding (paragraph 2) the increase to Italian Lire
10.960.060.000 (ten milliard nine hundred sixty million sixty
thousand) of the amount of the financial credit granted
under article I of the Financial Agreement dated July 17,
1968, and I wish to inform you that the proceeds of the
above mentioned financial credit to be put at the disposal
of the Bank Negara Indonesia in the ttSpecial Account B"
foreseen in paragraph 1 of the letter attached to the
above said Financial Agreement, and to be utilized as
indicated in paragraph 2 of the same letter, shall be
brought from Italian Lire 9.895.500.000.= (nine milliard
eight hundred ninetyfive million five hund:reCl thousand) to
Italian Lire 10.229.560.000 (ten milliard two hundrai twenty
nine million five hundred sixty thousand).
I shall appreciate it, Excellency, if you will
inform me of the concurrence of your Government on the
contents of this letter.
Please accept, Excellency, the assurance of my
highest consideration.
Signed
His Excellency Adam Malik,
Minister of Foreign Affairs
of the Republic of Indonesia,
D j a k a r t a .-
Pierluigi Alvera
Ambassador of Italy.
OF INDONESIA AJ.fD THE GOVERNMENT OF THE REPUBLIC OF ITALY
FOR THE FINAHCING OF INDONESIA'S COMIV"iERCIAL DEBTS
The Government of the Republic of Indonesia and the
Government of the Republic of Italy, in the spirit of the
relations of friendship and economic cooperation, have
agreed as follows:
Article I
The Italian Government shall authorize -under the
provisions of the art. 12 of Italian Law No .131 of February
28, 1967 -such one (or more) of the Italian medium-term
credit Institutions as may apply for authorization to grant
to the Bank Indonesia -acting on behalf of the Indonesian
Government- a financial credit up to a maximum of Italian
Lire 2 .188.751.000=(Two milliard one hundred eighty eight
million seven hundred fifty one thousand) devoted to strengthen the economic development of Indonesia. The guarantees
provided under the Italian laws may be given in respect of
the financial credit granted under this article .
Article II
The proceeds of the financial credit granted under
Article I shall be put at the disposal of the Bank Indonesia
with an Italian Bank designated by the Bank Indonesia.
Article III
The financial credit granted under Article I shall
be repaid by the Bank Indonesia in Italian Lire by 32
quarterly instalments as followst
./.
2.-
- 4 quarterly instalments of 1 , 25% each, payable on January
1, April 1, July 1 and October 1 of the year 1972;
- 12 quarterly instalments of 2,50% each, payable on
January 1, April 1, July 1 and October 1 of theyearsl973 ,
1974 and 1975;
- 12 quarterly instalments of 3 , 75% each, payable on
January 1, April 1 , July 1 and October 1 of the years 1976 ,
1977, and 1978;
- 4 quarterly instalments of 5% each, payable on January 1 ,
April 1 , July 1 and October 1 of the year 1979 .
Article IV
The Bank Indonesia -acting on behalf of the Indonesian
Government- shall enter into a direct Agreement with the
Italian medium-term credit Institutions with respect to the
conditions and terms of the financial credit granted under
Article I .
Article V
The present Agreement shall come into force on the
date of the signature .
Done at Djakarta this ninth day of April, 1969,
in duplicate, in the English language .
ｆｯｲ｜ｾｨ･＠
Government of the
Re\p\blic of Indonesia ,
Signed
For the Government of the
Republic of Italy ,
Signed
ａｾｉｂｓｄｏｒ＠
OF THE REPUBLIC OF ITALY
Djakarta , April 9 ,
1969 . -
Your Excellency,
I have the honour to refer to the Agreement signed
today regarding the grant of a financial credit to the Indonesian Government, and for it to the Bank Indonesia, for
an amount of 2 . 188 . 751 . 000 (two milliard one hundred eighty
eight miJlion seven hundred fifty one thousand) Italian
Lire, and wish to inform you that the Government of Italy
undertakes to i:;rant the Italie.n medium term credit
Institutions which shall open the above mentioned credit a
subsidy o:: such an amount as to ensure th2t the rate of
interest payable by the Indonesian Government \·:ill not
exceed 4% (four per cent) per annum , inclusive of the
insurance premium. The said interest shall be transferred
to Italy as follows :
a) In the case of interest accruing up to and including
31st December 1971, the total amount accrued shall be
capitalized on a non-compounded ｢ｾｳｩ＠
and shall be paid in
8 equal yearly instalments beginning on first January 1972 .
These 8 instalments will bear no interest whatsoever;
b) In the case of interest accruing on and after January
1, 1972 , the amounts accruing shall be payable quarterly
the first time on April 1, 1972 .
I shall appreciate it, Excellency, if you will
inform me of the concurrence of your Government on the
contents of this letter .
Please accept , Excellency, the assurances of my
highest consideration.
Signed
His Excellency AD.A.U MALIK
Minister of Foreicn Affairs
of the Republic of Indonesia,
D J A K A R T A. -
PIERLUIGI ALVERA
I
J--
AI"IBASSADOR OF THE REPUBLIC OF ITALY
Djakarta, April 9,
1969.-
Your Excellency,
I have the honour to acknowledge receipt of your
letter of today's date, reading as follows :
"I have the honour to refer to the financial Agreement signed
today and I shall appreciate if you will inform me of the
concurrence of your Government on the contents of this letter:
1. The proceeds of the financial credit granted under Article
I of the above said Agreement shall be put at the disposal
of the Bank Indonesia -acting on behalf of the Indonesian
Government- up to a maximum of Italian Lire 78.434.000.(seventy eight million four hundred thirty four thousand)
in a "Special Account A" in Italian Lire with the Italian
Bank designated by the Bank Indonesia.
2. The proceeds of the "Special Account A" shall be utilized
by the Indonesian Government only to effect, to the extent
of 70 per cent, the immediate payment in Italy of the Indonesian debts, both principal and interest, due between 1
J anuary , 1968 and 31 December, 1968 both dates inclusive,
and unpaid at today's date, .corresponding to Italian
credits of more than 180 days arising from contracts
entered into force before July 1, 1966 -relating to Italian
supply of goods and/or services- which have not been
covered by the Italian insurance credit guarantee . The
Italian credits are those listed in the Annex herewith
attached.
His Excellency Adam Malik
Minister of Foreign Affairs
of the Republic of Indonesia,
D J A K A R T A.-
. I.
- 2 -
It is understood that the payment of the above mentioned
quota of 70 per cent will be made after that the Italian
creditors concerned will have accepted to receive from
the Bank Indonesia -acting on behalf of the Indonesian
Government- the settlement of the residual quota of 30
per cent through a transfer scheme identical to that
indicated in Article III of the mentioned Agreement.
3. On the full amount (100%) of the not insured I talian
credits under the provisions of the above mentioned par.
2, the Indonesian Government shall pay to the Italian
creditors concerned moratorium interest at the rate of 4%
(four per cent) per annum from original maturities up to
the date of ｳ･ｴｬｾｮ＠
of the debts by a transfer to the
appropriate Italian creditors. Such moratorium interest
shall be calculated and transferred as follmlS :
a) - the total amount of moratorium interest accrued from
the original maturities up to and including December
31, 1971 shall be capitalized on a non compounded
basis and shall be paid in 8 equal yearly instalments,
the first of which due on January 1, 1972 and the
last one on January 1, 1979 . These 8 instalments will
bear no interest whatsoever.
b) - moratorium interest which will accrue from January 1,
1972 on-.-1ards, shall be paid quarterly the first time
on April 1, 1972 .
4. The conditions for the utilization of the above "Special
Account A" shall be communicated by the competent Italian
Authorities to the Italian Bank with which the said
Special Account is kept.
Please accept, Excellency, the assurances of my
highest consideration."
./.
- 3 -
I have the honour to inform you that the Government
of the Republic of Italy agrees with the contents of the
above mentioned letter .
Please accept, Excellency, the assurances of my
highest consideration.
Signed
PIERLUI GI ALVERA
INDONESIA - NOT INSURED OPERATIONS
(CONTRACTS WHICH COME INTO FORCE PRIOR TO JULY, 1966)
ITALIAN CREDITS OVER 180 DAYS, WHICH MATURED DURING 1968
========================T=====================T==============================T===========T=============
.
.
Italian creditor
(Indonesian debtor )
, Total amount of the ,
Installments of credit
,
supply
,
,
us$ t
Lit.
' Matured, us 8 t
Lit.
, Financing,consolidation
,-----------------------, Quota 70%, Quota 30%
t
( Lit.) '
(Lit.)
ＭｔｾＬＮ
t
Soc. GIE - Milano
' 886.573'554.108.125 t 1. 3.68'
(dom.10438 - Autoriz.
1. 6.68'
Min.For Trade V/450296
•
of 27.7.1965)
1.
9.68'
'
(The Ministry of Public ,
Works and Power of the
1.12.68'
Republic of Indonesia Djakarta)
' 19.916.313'
8.535.562
45.523' 28.451.875
t
45.054• 28.158.750
t
19.711.125''
44.585' 27.865.625
t
19.505.938''
8.359.687
' 19.300.312'
8.271.563
'
44.115'' 27.048.125
'
'
'
t
t
8.447.625
t
t
t
t
'
'
T o
t
t
a
1
.•
t
t
'179.277'112.048.125
t
"
' 78.433.688' 33.614.437
'
===========================================
====
_j
AI·IBASSADOR OF THE REPUBLIC OF ITALY
Djakarta, April 9 , 1969 . -
Your Excellency,
I have the honour to acknowledge receipt of your letter of
today's date, reading as follows :
"I have the honour to refer to the financial Agreenent signed
today and I shall appreciate if you will inform me of the
concurrence of your Government on the contents of this letter
1.
The proceeds of the financial credit granted under Article
I of the above said Agreement shall be put at the disposal of the
Bank Indonesia - acting on behalf of the Indonesian Government- up
to a maximum of Italian Lire 2 . 110 . 317.000 (two milliard one
hundred ten million three hundred seventeen thousand), in a
"Special Account B" in Italian Lire with the Italian Bank
designated by the Bank Indonesia .
I
2.
The proceeds of the 11 Special Account B" shall be utilized
by the Indonesian Government only to enable the Italian Bank
which keeps the Special Account to become assignee, in its own
name (but on behalf of the Bank Indonesia), of the credit-quotas
not covered by insurance, of the Italian credits guaranteed by
Italian State Insurance which are attached to the consolidation
Agreement signed today. These assignments remain subordinated to
the settlement by the Instituto Nazionale delle Assicurazioni
( I NA) to Italian creditors of the indemnity due in accordance
with the terms of the insurance Policy, and shall be effected
against payment to the assigners of an amount in Italian Lire
equal to the full credit-quotas assigned .
. /.
His Excellency Adam Malik
Minister of Foreign Affairs
of the Republic of Indonesia,
D J A K A R T A.-
l
- 2 -
3.
On the full amount of the credit-quotas assigned under
the above paragraph 2, the Indonesian Government shall pay to
the Italian creditors concerned moratorium interest at the
rate of Ｔｾ＠
(four ｰＳＺＮｾ＠
c,1,:;; 1t) p ｾｲ＠
[:.:J....1un.
.Mora tori um L1terest
shall accrue during, and shall be payable in respect of, the
period fron maturity until the date of the assignment of the
credit- quotas concerned .
Such aoratorium interest shall be capitalized on a nonco1npounded basis and shall be paid to the appropriate Italian
creditors by 8 equal yearly instalments the fir . ..-'v of which
full i ng on January 1, 1972 and the last one on January 1,1979.
These 8 instalments will bear no interest whatsoever .
4.
The conditions of the utilization of the above "Special
Accoun.t B" shall be corununica ted by the co. -.i?-- ta::lt It&lian
Authorities to the Italian Bank with which the said Special
Account is kept .
Please accept , Excellency, the assurances of my
highest consideration."
I have the honour to inform you that the Government of
the Republic of Italy agrees wi th the contents of the above
mentioned letter .
Please accept , Excellency, the assurances of my highest
considerati on .
Signed
PIERLUIGI ALVERA
AMBASSADOR OF THE REPUBLIC OF ITALY
Djakarta,
December 10,
1968.-
Your Excellency,
I have the honour to refer to the Consolidation
and Financial Agreements signed at Djakarta on July 17, 1968,
and I shall appreciate if you will inform me of the concurrence of your Government on the contents of this letter :
1. The list of Italian credits (insured operations) attached
to the above mentioned Consolidation Agreement shall befollowing the final reconciliation of the data- cancelled
and substituted by the list herewith attached.
2. The amount of the credit granted under Article I of the
above mentioned Financial Agreement shall be brought
from Italian Lire 10.626.000.000.= (ten milliard six
hundred twenty-six million) to Italian Lire 10.960.060.000.
(ten milliard nine hundred sixty million sixty thousand).
3. The amount of the credit indicated in the letter attached
to the aforesaid Financial Agreement concerning the
Italian Government subsidy of interest, shall be brought
from Italian Lire 10.626.000.000.= (ten milliard six
hundred twenty-six million) to Italian Lire 10.960.060.000
(ten milliard nine hundred sixty million sixty thousand).
Please accept, Excellency, the assurance of my
highest consideration.
Signed
His Excellency Adam Malik
Minister of Foreign Affairs
of the Republic of Indonesia,
D J A K A R T A .-
Pierluigi Alvera
Ambassador of Italy.
AMBASSADOR OF THE REPUBLIC OF ITALY
Djakarta,
December 10,
1968.-
Your Excellency,
I have the honour to refer to the letter signed
today regarding (paragraph 2) the increase to Italian Lire
10.960.060.000 (ten milliard nine hundred sixty million sixty
thousand) of the amount of the financial credit granted
under article I of the Financial Agreement dated July 17,
1968, and I wish to inform you that the proceeds of the
above mentioned financial credit to be put at the disposal
of the Bank Negara Indonesia in the ttSpecial Account B"
foreseen in paragraph 1 of the letter attached to the
above said Financial Agreement, and to be utilized as
indicated in paragraph 2 of the same letter, shall be
brought from Italian Lire 9.895.500.000.= (nine milliard
eight hundred ninetyfive million five hund:reCl thousand) to
Italian Lire 10.229.560.000 (ten milliard two hundrai twenty
nine million five hundred sixty thousand).
I shall appreciate it, Excellency, if you will
inform me of the concurrence of your Government on the
contents of this letter.
Please accept, Excellency, the assurance of my
highest consideration.
Signed
His Excellency Adam Malik,
Minister of Foreign Affairs
of the Republic of Indonesia,
D j a k a r t a .-
Pierluigi Alvera
Ambassador of Italy.