Selanjutnya
AGREEME.lfT BETV/EEN THE GOVERNMENT OF THE REPUBLIC
OF INDONESI A AND THE GOVERNNENT OF THE REPUBLIC OF ITALY
FOR THE FINANCING OF INDONESIA'S COMMERCIAL 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 Art . 12 of Italian Law No . 131 of February 28, 1967. such one (or more) of the Italian ｭ･､ｩｵｾ
Ｍ ｴ･ｲｭ＠
credit Institutions
as may ｡ｰｾｬｹ＠
for authorization to grant to the Bank Negara Indonesia - acting on behalf of the Indonesian Government - a financial credit approximately Italian Lire 10 . 626 . 000 . 000 .- ( ten
milliard six hundred twenty-six millions ) devoted to strengthen
the economic development of Indone sia . 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 Negara Indonesia with an Italian Bank designated by the Bank Negara Indonesia .
Article III
The financial credit granted under Article I shall be
repaid by the Bank Negara Indonesia in Italian Lire by 32
quarterly instalments as follows :
- 4 quarterly instalments of 1,25% each, payable on
January 1, April 1, July 1 and October 1 of the year
1971;
- 12 quarterly instalments of 2,50% each, payable on
January 1 , April 1, July 1 and October 1 of the years
1972 , 1973 and 1974;
... /2 .
- 2 -
- 12 quarterly instalments of 3 , 75% each, payable on
January 1 , April 1 , July 1 and October 1 of the
years 1975, 1976 and 1977;
- 4 quarterly instalments of 5% each, payable on
January 1 , April 1 , July 1 and October 1 , of the
year 1978.
Article
IV
The Bank Negara Indonesia - acting on behalf of the
Indonesian Government - shall enter into a direct Agreement
with the Italian medium- term credit Institutions with respec t
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 Djaka rta this seventeenth day of July, 1968 ,
in duplicate, in the English language .
Fol\\the Government of the
ｒｾｽ｜ｵ｢ｬｩ｣＠
of Indonesia,
For t he Government of the
Republic of Italy ,
Signed
Signed
Adam Malik
Minister of Foreign Affairs .
Pierluigi Alvera
Ambassador of Italy .
I
t
.n.l•illtiSS.t.DOR OF TH.u
ｒｾｆｴＧｂｌｉｃＮＺ＠
OF ITALY
Dj akarta , July 17, 1968
Your Excellency,
have the honour to refer to the Aareement
ｳｩｾｮ･､＠
today reeardine the 0rant of a financial credit
to the Incwnesi an Government , and for it to the Bank
ｾ･ｧ｡ｲ＠
Indonesia , for the amount of approximately 10 . 626 .
000 . 000 .- Italian Lire, and wish to inform you that the
Govern,1ent of Italy undertakes to grant the Italian medium
term credit Institutions ｷｮｩ｣ｾ＠
shall onen the above
nentioned credit a subsidy of such an aMount as to ensure
that the rate of interest nayable by the Indonesian GovP.rnment will not exceed 4% (four ner cent) per annum , inclusive of the insurance nremium . The said interest shall be
transferred to Italy as follows :
I
a) in the case of interest accruing un to and including
31st December 1970, the total amount accrued shall
be ca italized on a non- co pounded basis antl shall be
puid in 8 equal yearly instal!'lents be inn.ing on first
January 1971 . ｾｨ･ｳ＠
8 ｩｮｳｴｾｬｭ･＠
will bear no ｩｾｴ･＠
est
｜ｬｨｾ＠
. . tsoever;
b) in the case of ｩｮｾ･ｲｳｴ＠
accruing on and after January
1 , 1971, the amounts accruing shall be nayable qu·rterly the first ｴｩｾ･＠
on April 1 , 1971 .
I shall appreciate it , ｾｸ｣･ｬｮｹ
inform me of the concurrence of your
contents or this letter .
ｨｩｾ･ｳｴ＠
Please Accept , Excellency ,
consideration .
Ｌ＠
ｾｯｶ･ｲｮｭｴ＠
ｾｨ･＠
i f you will
on the
of my
ｾｳｵｲ｡ｮ｣･＠
Signed
His Excellency Adam ｾ｡ｬｩｫ＠
linister of Foreign Affairs
of the Re ublic of Inuonesia ,
Djakarta.
Pierl uigi Al vera
Ambassador of Ital y .
-1
I
A:M:SASSADOR OF TH3 REPUBLIC OF ITALY
Djakarta, July
17, 1968.
Your Excellency,
I have the honour to acknowledge receipt of your
letter of today ' s date , readinp 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 :
0
1. The proceeds of the financial credit granted under Article
I of the above said Agreeillent shall be put at the disposal
of the Bank Negara Indonesia - acting on behalf of the Indonesian Government - approximately Italian Lire 730 . 500.000 .(seven hundred thirty million five hundred thousand), in a
"Special Account A" in Italian Lire with the Italian Bank
designated by the Bank Negara Indonesia .
2 . The proceeds of the 11 Special Account A11 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 on or before
December 31, 1967 and unpaid at today ' s date , corresponding
to Italian credits of more than 180 days arising from contract
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 crer it guarantee . The Italian credits
are those .listed in the Annex herewith attached . 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 Negara 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.
His Excellency Adam :Malik
Minister of Foreign Affairs
of the Republic of Indonesia,
Djakarta.
• •• /2 .
- 2 -
3. On the full amount (100%) of the not insured Italian credits
11
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 Ｔｾ＠
(four per cent) per annum from ｯｲｩｧｮｾｬ＠
maturities up to the date of settlement of
the debts by a transfer to the aupropriate Italian creditors .
Such moratorium interest shall be calculated and transferrea.
as follows :
a) - the totA.l amount of moratorium interest accrued from
th original maturi ties up to and including December 31,
1970 shall be capi.talized on a non compounded basis and
s.nall be paid in 8 eq_ual yearly instalments, the first of
which due on January 1 , 1971 and the last one on January
1 , 1978. These 8 instalments will bear no interest whatsoever .
b ) - moratorium interest which will accrue f rom January 1 ,
1971 onwards , shall be paid quarterly the first time on
April 1 , 1971 .
4. The conditions for the utilization of the above
II
I
Special
A.ccount .A. 11 shall be communicated by the competent Italian
Aut horities to the Italian Bank with which the said Special
Account is kept .
11
Please Accept , Excel iency , the assurance of my
highest consideration . "
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
I
I
I_ _
Pierluigi Xlvera
Ambassador of Italy.
.I
,......... ,,
INDONESIA - NOT IUSURED OPERATIONS
Italian credit
Italian oredi.t or
(Indoneolan debtor)
ｯｶ･ｾ＠
180 days matured within December ,1, 1967 and not paid up
Total amount of the
supply
us
Lit
Instnllmen·ts of ered1 t
Matured
US $
...................................................................................ｾ＠ ............................................................................................. ｾ＠
le SOC .O.I E.-Milru10
Ｈ､ｯｭＮｬＰＴＳＹｾａｵｴｲｩ＠
886.573
554.108,125
V/
450296 del 22.7.6.5)
(The Ministry ot ·Pl!
blic Works and Po
wer of tha Repabllo
0£ Indonesia-Dkt)
ｍＡｮＬｆｯｲｾ｡､･＠
2. SOO.:Patr1sanda-Roma
ｉｾｩｮＮ＠
Ｈ､ｯｭＮＶＰＱＵＷｾａｵｴｲｺ＠
For. trade
ｯｾ＠
Lit.
....
15 •.330
ia.1,e 6
6. 706,$75
9.581.250
ll.:366. 250
1 ＮＹＵＶｾｮｳ＠
7.904.750
7.85,.562
7 .. 802.375
7.751.188
7.699.562
l. 6,67 17.717 11.07:5.125
l. 9.G7 17.599 10,999.375
l.12.67
844.152
402.582.500
VI
ｏｯｮｳｬＱ､ｾ＠
ｑｵｯｾ｡＠
Ｕｾ＠
(Lit.)
ｾＭ
l. 9.G6 1'8.068 11.292.500
1.12.66 17.951 11.219.375
l. ,.67 17.834 11.146.250
l 7136 dell'S,5,59)
(The ｍｩｮｾｴＺｊ＠
Shipping
le 3.66
i. 6.66
ｆＡｮ･｣ｩｾ＠
Quota 7
(Lit.)
17,482
140.167
ＱＰＬＹＲＶＮ
7.648.,(12
ｾ ＲｾＰ＠
87.604.375 61.,23.062
5.66 51.975
5.67 ... ＱｾＮｳ［Ｒ＠
101.587
,2.484..375
31,001.;;oo
63.491.075
5.66
43.72.5
27 .32e.125 19,129.687
26.osG.220 :ia.260 •. n2
85.463
53.414.,75
22.7,9.063
21,7ps...gso
ＴＮｾＱＵ＠
2.874.375
·3 .409.a75
3.387.750
3.,65.812
3.,43.875
,.;)21.938
ｾＮＲＹＸＱＳ＠
3,217.075
26.281.31,
9.74.5.,12
9,30,2,250
19.047.562
of
·the !le
public of Indoneaia)
3. SOO.Patr1sa.ada-Roma
(Dom.600225-Autorls.
MIN. ｾＧｏｒＮ＠
Trade
VI
147552 Of 29,5i59
(11he ｾｬｩｮｳｴｲｹ＠
of
Shipping of the Re
public of Indonee!a)
691.aoo
432,. 375.000
s.s1 . !_1,,ue
s.19a.4'a
1,a2s.a7s
37.,90.062 16.024.313
'
-2-
4. Soo. P1Clgsio ,& C. Gjt
.ova(BahaGia Ａｩｭｾ＠
c.-DSaki\rta)
; . Soo.P!essJ.o & c.aa_
now(Barman Tradtna
ｃ Ｎ ｄｾ｡ＮｫｲｴＩ＠
,,2.714 ,,2.946.268
?/10/66 532. ?14 ,,2. 946. 269
209. 914 131. 196.058
el 9/66
7710/66
2''·062.,aa 99.aas.sso
15l.196. 0SS
6. Soo,.PiC1CG10 & C.GJ.
ｮｯｶ｡Ｈｐｾ
ta)
Ｎ ｍＱｲｮｄＳｾ＠
?. Soc.P.1.&sg;.o & O.
OF INDONESI A AND THE GOVERNNENT OF THE REPUBLIC OF ITALY
FOR THE FINANCING OF INDONESIA'S COMMERCIAL 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 Art . 12 of Italian Law No . 131 of February 28, 1967. such one (or more) of the Italian ｭ･､ｩｵｾ
Ｍ ｴ･ｲｭ＠
credit Institutions
as may ｡ｰｾｬｹ＠
for authorization to grant to the Bank Negara Indonesia - acting on behalf of the Indonesian Government - a financial credit approximately Italian Lire 10 . 626 . 000 . 000 .- ( ten
milliard six hundred twenty-six millions ) devoted to strengthen
the economic development of Indone sia . 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 Negara Indonesia with an Italian Bank designated by the Bank Negara Indonesia .
Article III
The financial credit granted under Article I shall be
repaid by the Bank Negara Indonesia in Italian Lire by 32
quarterly instalments as follows :
- 4 quarterly instalments of 1,25% each, payable on
January 1, April 1, July 1 and October 1 of the year
1971;
- 12 quarterly instalments of 2,50% each, payable on
January 1 , April 1, July 1 and October 1 of the years
1972 , 1973 and 1974;
... /2 .
- 2 -
- 12 quarterly instalments of 3 , 75% each, payable on
January 1 , April 1 , July 1 and October 1 of the
years 1975, 1976 and 1977;
- 4 quarterly instalments of 5% each, payable on
January 1 , April 1 , July 1 and October 1 , of the
year 1978.
Article
IV
The Bank Negara Indonesia - acting on behalf of the
Indonesian Government - shall enter into a direct Agreement
with the Italian medium- term credit Institutions with respec t
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 Djaka rta this seventeenth day of July, 1968 ,
in duplicate, in the English language .
Fol\\the Government of the
ｒｾｽ｜ｵ｢ｬｩ｣＠
of Indonesia,
For t he Government of the
Republic of Italy ,
Signed
Signed
Adam Malik
Minister of Foreign Affairs .
Pierluigi Alvera
Ambassador of Italy .
I
t
.n.l•illtiSS.t.DOR OF TH.u
ｒｾｆｴＧｂｌｉｃＮＺ＠
OF ITALY
Dj akarta , July 17, 1968
Your Excellency,
have the honour to refer to the Aareement
ｳｩｾｮ･､＠
today reeardine the 0rant of a financial credit
to the Incwnesi an Government , and for it to the Bank
ｾ･ｧ｡ｲ＠
Indonesia , for the amount of approximately 10 . 626 .
000 . 000 .- Italian Lire, and wish to inform you that the
Govern,1ent of Italy undertakes to grant the Italian medium
term credit Institutions ｷｮｩ｣ｾ＠
shall onen the above
nentioned credit a subsidy of such an aMount as to ensure
that the rate of interest nayable by the Indonesian GovP.rnment will not exceed 4% (four ner cent) per annum , inclusive of the insurance nremium . The said interest shall be
transferred to Italy as follows :
I
a) in the case of interest accruing un to and including
31st December 1970, the total amount accrued shall
be ca italized on a non- co pounded basis antl shall be
puid in 8 equal yearly instal!'lents be inn.ing on first
January 1971 . ｾｨ･ｳ＠
8 ｩｮｳｴｾｬｭ･＠
will bear no ｩｾｴ･＠
est
｜ｬｨｾ＠
. . tsoever;
b) in the case of ｩｮｾ･ｲｳｴ＠
accruing on and after January
1 , 1971, the amounts accruing shall be nayable qu·rterly the first ｴｩｾ･＠
on April 1 , 1971 .
I shall appreciate it , ｾｸ｣･ｬｮｹ
inform me of the concurrence of your
contents or this letter .
ｨｩｾ･ｳｴ＠
Please Accept , Excellency ,
consideration .
Ｌ＠
ｾｯｶ･ｲｮｭｴ＠
ｾｨ･＠
i f you will
on the
of my
ｾｳｵｲ｡ｮ｣･＠
Signed
His Excellency Adam ｾ｡ｬｩｫ＠
linister of Foreign Affairs
of the Re ublic of Inuonesia ,
Djakarta.
Pierl uigi Al vera
Ambassador of Ital y .
-1
I
A:M:SASSADOR OF TH3 REPUBLIC OF ITALY
Djakarta, July
17, 1968.
Your Excellency,
I have the honour to acknowledge receipt of your
letter of today ' s date , readinp 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 :
0
1. The proceeds of the financial credit granted under Article
I of the above said Agreeillent shall be put at the disposal
of the Bank Negara Indonesia - acting on behalf of the Indonesian Government - approximately Italian Lire 730 . 500.000 .(seven hundred thirty million five hundred thousand), in a
"Special Account A" in Italian Lire with the Italian Bank
designated by the Bank Negara Indonesia .
2 . The proceeds of the 11 Special Account A11 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 on or before
December 31, 1967 and unpaid at today ' s date , corresponding
to Italian credits of more than 180 days arising from contract
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 crer it guarantee . The Italian credits
are those .listed in the Annex herewith attached . 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 Negara 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.
His Excellency Adam :Malik
Minister of Foreign Affairs
of the Republic of Indonesia,
Djakarta.
• •• /2 .
- 2 -
3. On the full amount (100%) of the not insured Italian credits
11
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 Ｔｾ＠
(four per cent) per annum from ｯｲｩｧｮｾｬ＠
maturities up to the date of settlement of
the debts by a transfer to the aupropriate Italian creditors .
Such moratorium interest shall be calculated and transferrea.
as follows :
a) - the totA.l amount of moratorium interest accrued from
th original maturi ties up to and including December 31,
1970 shall be capi.talized on a non compounded basis and
s.nall be paid in 8 eq_ual yearly instalments, the first of
which due on January 1 , 1971 and the last one on January
1 , 1978. These 8 instalments will bear no interest whatsoever .
b ) - moratorium interest which will accrue f rom January 1 ,
1971 onwards , shall be paid quarterly the first time on
April 1 , 1971 .
4. The conditions for the utilization of the above
II
I
Special
A.ccount .A. 11 shall be communicated by the competent Italian
Aut horities to the Italian Bank with which the said Special
Account is kept .
11
Please Accept , Excel iency , the assurance of my
highest consideration . "
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
I
I
I_ _
Pierluigi Xlvera
Ambassador of Italy.
.I
,......... ,,
INDONESIA - NOT IUSURED OPERATIONS
Italian credit
Italian oredi.t or
(Indoneolan debtor)
ｯｶ･ｾ＠
180 days matured within December ,1, 1967 and not paid up
Total amount of the
supply
us
Lit
Instnllmen·ts of ered1 t
Matured
US $
...................................................................................ｾ＠ ............................................................................................. ｾ＠
le SOC .O.I E.-Milru10
Ｈ､ｯｭＮｬＰＴＳＹｾａｵｴｲｩ＠
886.573
554.108,125
V/
450296 del 22.7.6.5)
(The Ministry ot ·Pl!
blic Works and Po
wer of tha Repabllo
0£ Indonesia-Dkt)
ｍＡｮＬｆｯｲｾ｡､･＠
2. SOO.:Patr1sanda-Roma
ｉｾｩｮＮ＠
Ｈ､ｯｭＮＶＰＱＵＷｾａｵｴｲｺ＠
For. trade
ｯｾ＠
Lit.
....
15 •.330
ia.1,e 6
6. 706,$75
9.581.250
ll.:366. 250
1 ＮＹＵＶｾｮｳ＠
7.904.750
7.85,.562
7 .. 802.375
7.751.188
7.699.562
l. 6,67 17.717 11.07:5.125
l. 9.G7 17.599 10,999.375
l.12.67
844.152
402.582.500
VI
ｏｯｮｳｬＱ､ｾ＠
ｑｵｯｾ｡＠
Ｕｾ＠
(Lit.)
ｾＭ
l. 9.G6 1'8.068 11.292.500
1.12.66 17.951 11.219.375
l. ,.67 17.834 11.146.250
l 7136 dell'S,5,59)
(The ｍｩｮｾｴＺｊ＠
Shipping
le 3.66
i. 6.66
ｆＡｮ･｣ｩｾ＠
Quota 7
(Lit.)
17,482
140.167
ＱＰＬＹＲＶＮ
7.648.,(12
ｾ ＲｾＰ＠
87.604.375 61.,23.062
5.66 51.975
5.67 ... ＱｾＮｳ［Ｒ＠
101.587
,2.484..375
31,001.;;oo
63.491.075
5.66
43.72.5
27 .32e.125 19,129.687
26.osG.220 :ia.260 •. n2
85.463
53.414.,75
22.7,9.063
21,7ps...gso
ＴＮｾＱＵ＠
2.874.375
·3 .409.a75
3.387.750
3.,65.812
3.,43.875
,.;)21.938
ｾＮＲＹＸＱＳ＠
3,217.075
26.281.31,
9.74.5.,12
9,30,2,250
19.047.562
of
·the !le
public of Indoneaia)
3. SOO.Patr1sa.ada-Roma
(Dom.600225-Autorls.
MIN. ｾＧｏｒＮ＠
Trade
VI
147552 Of 29,5i59
(11he ｾｬｩｮｳｴｲｹ＠
of
Shipping of the Re
public of Indonee!a)
691.aoo
432,. 375.000
s.s1 . !_1,,ue
s.19a.4'a
1,a2s.a7s
37.,90.062 16.024.313
'
-2-
4. Soo. P1Clgsio ,& C. Gjt
.ova(BahaGia Ａｩｭｾ＠
c.-DSaki\rta)
; . Soo.P!essJ.o & c.aa_
now(Barman Tradtna
ｃ Ｎ ｄｾ｡ＮｫｲｴＩ＠
,,2.714 ,,2.946.268
?/10/66 532. ?14 ,,2. 946. 269
209. 914 131. 196.058
el 9/66
7710/66
2''·062.,aa 99.aas.sso
15l.196. 0SS
6. Soo,.PiC1CG10 & C.GJ.
ｮｯｶ｡Ｈｐｾ
ta)
Ｎ ｍＱｲｮｄＳｾ＠
?. Soc.P.1.&sg;.o & O.