Decree No. 67/SL of 1947 permits the Southern Administrative Committee to issue bonds in the South with a maximum total value of five million silver dollars to raise funds for use in this region, with an interest rate not exceeding five percent per year.
Đối tượng áp dụng
The Southern Administrative Committee
Các điểm cốt lõi
- The Southern Administrative Committee → is permitted to issue bonds in the South with a maximum total value of five million silver dollars (Article 2)
- The Southern Administrative Committee → must ensure that the interest rate does not exceed five percent per year, excluding issuance-related expenses (Article 3)
- The Minister of Interior and the Minister of Finance → are responsible for negotiating with the Southern Administrative Committee regarding the conditions and details of bond issuance (Article 2)
- The Southern Administrative Committee, the Minister of Interior, and the Minister of Finance → must comply with the provisions of this decree (Article 4)
- Individuals and organizations in the South may purchase bonds with a maximum interest rate of five percent per year
🌐 Tác động xã hội từ văn bản này
- Increase funding for the Southern Administrative Committee to use within this region
- May exert pressure on the money market if issuance is large-scale
- Individuals and organizations in the South have an opportunity to invest at a fixed interest rate
❓ Câu hỏi thường gặp
What is the maximum amount of bonds that the Southern Administrative Committee can issue?
The maximum amount is five million silver dollars (5,000,000đ) according to Article 2.
What is the maximum interest rate for these bonds?
It must not exceed five percent per year, excluding issuance-related expenses (Article 3).
Toàn văn
DECREE
OF THE CHAIRMAN OF THE GOVERNMENT OF THE DEMOCRATIC REPUBLIC OF VIETNAM
NUMBER 67 DATED JULY 26, 1947
At the proposal of the Chairman of the Administrative Committee and Finance Commissioner of South Vietnam, with the agreement of the Minister of Interior Affairs and the Minister of Finance;
After consultation between the Standing Committee of the National Assembly and the Council of Ministers,
ISSUES THE DECREE:
Article 1
The Administrative Committee of South Vietnam is hereby authorized to issue a bond in South Vietnam for use within South Vietnam (second issuance).
Article 2
The maximum amount borrowed shall be five million dong, with conditions and details of the issuance to be agreed upon after consultation with the Ministry of Interior Affairs and the Ministry of Finance.
Article 3
An annual interest rate of one hundred percent (100%), not exceeding five percent (5%) excluding expenses related to the issuance.
Article 4
The Ministers of Interior Affairs, Finance, and the Chairman of the Administrative Committee of South Vietnam shall implement this decree.
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