Chapter 43.
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/statutes-at-large/vol-46/chapter-43-418324·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 43.— Joint Resolution Authorizing the postponement of the date of maturity of the principal of the indebtedness of the French Republic to the United States in respect of the purchase of surplus war supplies. October 17, 1929.[[H. J. Res. 80](/us/bill/71/hjres/80).][[Pub. Res., No. 20](/us/bill/71/pubres/20).] Resolved by the Senate and House of Representatives of the United States of America in Congress assembled,French Republic.Agreement authorized to postpone paying indebtedness of, for surplus war supplies.*Post*, p. 48.
That in the event that the agreement between the French Republic and the United States (known as the Mellon-Berenger agreement) made on behalf of the United States by the World War Foreign Debt Commission and approved by the President, providing for the funding and payment of the indebtedness of the French Republic to the United States is ratified in France in accordance with the terms thereof, prior to August 1, 1929, the Secretary of the Treasury, with the 45approval of the President, is authorized to enter into an agreementCondition. with the French Republic providing for the postponement of the date of the maturity of the principal of its indebtedness in respect of its purchase of surplus war supplies, until the Mellon-Berenger agreement has been approved or disapproved by the Congress, but in no event shall such date be postponed beyond May 1, 1930.
SuchInterest payments required. agreement shall not be entered into unless the French Republic agrees to pay the interest upon such indebtedness upon August 1, 1929, and February 1, 1930, but the amounts paid as interest shall be credited against the amounts first due under the Mellon-Berenger agreement, if such agreement is approved by the Congress. Approved, October 17, 1929.