Selanjutnya

MEMORANDUM OF AGREEMENT BETWEEN

THE GOVERNMENT OF THE REPUBLIC OF INDONESIA AND

THE GOVERNMENT OF THE UNITED STATES OF AMERICA

REGARDING THE SECOND RESCHEDULING OF PAYMENTS UNDER

THE SURPLUS PROPERTY AGREEMENT OF MAY 28, 1947

1.

Reference is made to the "Agreement between the Government

of the Netherlands Indies and the Government of the United States of

America Regarding a Line of Credit for the Purchase of United States

Surplus Property" signed May 28, 1947, and to the release of the

Nether lands Government from its guaranty thereunder and the assumption

by the Government of the Republic of Indonesia of the debt under such

I

Agreement.

Such assumption was effected by the exchange of a joint

note signed by the Netherlands and Indonesian Ministers of Foreign

Affairs on September 17 and October 15, 1952, respectively, to the

Secretary of State of the United States and the notes responding

thereto of the Secretary of State to the Netherlands Ambassador and

to the Indonesian Ambassador both signed April 8, 1953. Reference

is also made to the Memorandum of Agreement of December 30, 1967

between the Government of the Republic of Indonesia and the Government

of the United States of America regarding the rescheduling of payments

under the Surplus Property Agreement of May 28, 1947.

In particular,

reference is made to understandings reached in Paris October 17-18,

1967 between representatives of the Governments of the Republic of

Indonesia and the United States of America and among representatives

of other creditor governments regarding the rescheduling of debts

I

In accordance with such understandings and pursuant to

section 2D of the Agreement of May 28, 1947 referred to above, it is

agreed that the payment obligations provided thereunder be further

modified as follows:

(a)

the installment due and payable on July 1, 1968,

amounting to $2,083,668 . 79 principal and $541,753 . 89 interest, be

consolidated, making a total of $2, 6 25,422 . 68 (hereinafter, the

"1968 Consolidated Amount");

(b)

"Consolidation Interest" shall accrue on the "1968

Consolidated Amount" at the rate of 3 percent per annum during the

period July 2, 1968 through July 1, 1971, shall not be subject to

being compounded and shall be deferred and become payable in the

years 1972-1979 in accordance with the schedule of subparagraph 2(c);

(c)

the "196 8 Consolidated Amount" of $2, 6 25,422. 68 and

"Consolidation Interest" to be accrued in accordance with

subpara-graph 2(b) aggregating $236,288 . 04 shall each be payable in

installments on July 1 in the years 1972-1979 as follows:

5 percent

in 1972; 10 percent in 1973, 1974 and 1975; 15 percent each in 1976 ,

1977 and 1978; and 20 percent in 1979;

(d)

i n addition to the amounts payable under subparagraph

2(c), "Consolidation Interest" shall accrue at the rate of 3 percent

per annum and shall be payable on July 1, 1972 and each July 1

thereafter on the outstanding balance of the "1968 Consolidated

Amount'';

(e)

for periods of less than a year, interest is computed

3.

Annex A hereto sets forth a Revised Schedule of Payments

including those specified in paragraph 2 of this Agreement, combined

with those specified in the Memorandum of Agreement of December 30,

1967 and with the remaining contractual payments due in accordance

with the Agreeme n t of May 28, l9q.7 which are not otherwise modified

by this Agreement.

Annex A shall replace in its entirety Annex A

as attached to the Memorandum of Agreement of December 30, 1967.

4 .

Annex B hereto sets forth the computation of the "1968

Consolidated Amount . "

DONE at Djakarta, in duplicate, this 20th

day of December

1968.

';P'OR

THE

ｇｏｖｅｾｅｎｔ＠

OF THE RE PUBLIC OF INDONESIA:

Signed

FOR THE GOVERNMENT OF THE UNITED STATES OF AMERICA:

Annex A SURPLUS PROPERTY AGREEMF..NT (May 28, 1947) - ｉｎｏｏｎｾｓｉａ＠

REVISED SCHEDULE OF PAYMENTS AS OF JANUARY 1, 1969

Due Date 1968 RESCHEDULING 19 6 7 RESCHEDIJ LING REMAINING ORIGINAL CONTRACfUAL PAYMENTS GRAND TOTAL

-Payment Due of 11_{1968 Consolidated Amount"}

as of December 31, 1968 Total Payment Due From January 1, 1969 to final Revised and "1968 Consolidation Interest" @ 33 p,a. maturity @ 23 interest p.a. Schedule July 1 of

each year (1) ( 2) (3) (4) (5) (6) ( 7) (8) (9)

"1968 Consolidation Interest" Total "Consolidated Amount" + Prine ipal Interest(d) Total All Payments

'1968 Consolidated Payable on Un- (1+2+3) "Conso1 idation Interest" (6+7) (4+5+8) (f)

mount" of Prin- A'ccrued Paid J\alance of (e)

ｾｩｰ｡ｬ＠ and Interest 7 /2/68 to "1968 Consolidated

a) 7 /1/71 (b) Amount" (c)(d)

1969 - 0 - $ - 0 - $ - 0 - $ - 0 - $ - 0 - $ 2,083,668.79 $ 500,080.51 $ 2,583,749.30 $ 2,583,749.30 1970 - 0 - - 0 - - 0 - - 0 - - 0 - 2,083,668.79 458,407.14 2,542,075.93 2,542,075.93 1971 - 0 - - 0 - - 0 - - 0 - 697,237.25 2,083,668,80 416,733.76 2,500,402.56 3,197,639.81 1972 131,271.13 11,814.41 78,762.68 221,848.22 1,U4,557,66 2,083,668.80 375,060.38 2,458,729.18 3,815 ,135.06 1973 262,542.27 23,628.81 74,824.55 360,995.63 1,109,803.67 2,083,668.80 333,387.01 2 ,417 ,055.81 3,887,855 .11 1974 262,54 2.27 23,628.81 66,948.28 353, 119.36 1,085,049.69 2,083,668.80 291,713.63 2,375,382.43 3,813,551.48 1975 262,542.27 23,628.81 59,072.01 345,243.09 1,509,993.09 2,083,668.80 250,040.26 2,333,709,06 4,188,945.24

1976 393,813.40 35,443.20 51,195.74 480,452.34 1,472,862.12 2,083,668.80 208,366.88 2,292,035 .68 4,245,350.14 1977 393,813.40 35,443 . 20 39 ,381.34 468,637.94 1,435,731.14 2,083,668,80 166,693.50 2,250,362.30 4,154,731.38 1978 393,813.40 35,443.20 27,566 ,94 456,823.54 1,848,297,56 2,083,668.79 125,020.13 2,208,688,92 4,513,810,02 1979 525,084.54 47,257.60 15,752,54 588,094.68 - 0 - 2,083,668,79 83,346.75 2,167,015.54 2,755,ll0.22 1980 - 0 - - 0 - - 0 - - 0 - 2,083,668.79 41,673,37 ' 2,125 , 342,16 2,125,342.16

TOll'ALS 2,625,422 . 68 $236,288,04 $413,504.08 $3,275,214.80 $10,293,532.18 $25,004,025.55 $3,250,523.32 $28,254,548.87 $41,823,295.85

(a) Installment payment due on 7/1/68 of $2,083,668.79 on principal and $541,753.89 interest (2% on outstanding principal balance of $27,087,694.34), totalling $2,625,422.68 "1968 Consolidated Amount," due in annual payments of: 53 in 1972; 103 each in 1973-1975; 153 each in 1976-1978 ; and 203 in 1979.

( b) "1968 Consolidation Interest" of 33 a year on $2, 625 ,422. 68 accrued i n years 1968 -1971. The aggregate accrual of $236, 288. 04 is due in annual payments of the same percentages as is the "1968 Consolidated Amount" shown in footnote (a) above.

(c) "1968 Consolidation Interest" of 33 a )'ear payable in 1972-1979 based on outstanding balance of the "1968 Consolidated Amount" declining in accordance with column 1.

(d) For periods under a year, interest is computed on a 365-day-year, number-of-days' basis

(e) From column 4, Annex A, of the Memorandum o f Agreement of December 30, 1967 , regardin;; the rescheduling of payments in arrears as of June 30, 1966 and due July 1,

1966--December 31, 1967 under the Surplus Property Agreement of May 28, 1947.

(

ANNEX B

Surplus Property Agreement dated May 28, 1947

"1968 Consolidated Amount"

Contractually due for Consolidation

Principal Amount

Outstanding

$23,087, 694 . 34

Date

July 1, 1968

Total for

Consolidation

Period

1/1/68-12/31/68

"1968 Consolidated Amount"

of Principal and Interest

Contractual Payments

Principal Due

I nterest Due

$2,083, 668.79

$541 ,753 . 89

$2,083,668.79

$541,753.89

$2,625,422.68

r

l.

MEMORANDUM OF AGREEMENT BETWEEN THE GOVERNMENT OF THE

REPUBLIC OF INDONESIA AND THE GOVERNMENT OF THE UNITED STATES

OF AMERICA REGARDING THE RESCHEDULING OF THE 1968 PAYMENT UNDER

THE SURPLUS AGRICULTURAL COMMODITIES AGREEMENT OF

JUNE 28, 1966

1.

Reference is made to the "Agricultural Commodities

Agree-ment between the GovernAgree-ment of the Republic of Indonesia and

the Government of the United States of America under Title IV

of the Agricultural Trade Development and Assistance Act, as

amended," signed June 28, 1966 ("The 1966 Cotton Agreement").

Reference is made also to the Memorandum of Agreement of

December 30, 1967, between the Government of the Republic of

Indonesia and the Government of the United States of America

regarding the rescheduling of payments under the Surplus

Agricultural Commodities Agreement of June 28, 1966 ("The

1967 Rescheduling Agreement").

In particular, reference is

made also to understandings reached in Paris on October 17

and 18, 1967, between representatives of the Republic of

Indonesia and the Government of the United States of America

and among representatives of other creditor governments

regarding the rescheduling of debts owed to them by the

Government of Indonesia.

2.

In accordance with such understandings, it is agreed that

payments in "The 1966 Cotton Agreement" due in calendar year

1968 be rescheduled as follows:

a. the items making up the installment due and payable

on December 31, 1968, amounting to $691,691.63 of

principal and to $363,138.11 of interest be

consoli-dated, making a total of $1,054,829.74 (hereinafter

the "1968 Consolidated Amount");

b. "1968 Consolidation Interest" shall be computed at

the rate of 3 percent a year on the "1968

Consoli-dated Amount" during the period January 1, 1969

through December 31, 1971, and thereafter on the

outstanding balance of the "1968 Consolidated Amount";

(2)

d. "1968 Consolidation Interest" which accrues on the

"1968 Consolidated Amount" after December 31, 1971,

shall be payable on December 31, 1972 and on each

December 31 thereafter on the outstanding balance

of the "1968 Consolidated Amount";

e. the "1968 Consolidated Amount" of $1,054,829.74 and

"1968 Consolidation Interest" to be accrued in

1969-1971 aggregating $94,934.68 shall be payable in

in-stallments on December 31 in the years 1972-1979

as follows:

5 percent in 1972; 10 percent each in

1973, 1974 and 1975; 15 percent each in 1976, 1977

and 1978; and 20 percent in 1979;

£.

for periods of less than a year, interest shall be

computed on a 365-day-year, number-of-days' basis.

3. Annex A sets forth a revised schedule of payments

in-cluding those specified in paragraph 2 of this agreement and

the remaining contractual payments and rescheduled payments

due in accordance with "The 1966 Cotton Agreement" and "The

1967 Rescheduling Agreement" which are not otherwise modified

by

this agreement.

4. Annex B sets forth the computation of the "1968

Consoli-dated Amount."

s.

All of the payments due in accordance with paragraph 2

of this agreement may hereafter be termed payments under "The

1968 Rescheduling Agreement."

6. Done at Djakartat in duplicate, this 20th day of

December

1968.

r:.

;_

For

ｾ｜＠ ｇｯｾｭ･ｮｴ＠

of the

ｾ＠

Repubi':i'f; of Indonesia:

Signed

(Foreign Minister)

For the Government of the

United States of , America:

Signed

(Ambassador of the Onilfa: States of America)

:

PUBLIC LAW 480, TITLE IV

INDON&SIA - AGRBIENT DATED JUNE 28, 1966

llVLS!D SCHEDULE OF PAYMENTS

(AS OF JANUARY 1, 1969)

Annci.. A

Diilt lli'ii 1968 kfSdiibtlllid :1967 RE5cREDOLfNG R!ilAmtNG tJtfGINIL CONTRACTUAL Pl'l'MENTS GRAND ttJtAL

Payment Due of "1968 COD8olidated A.mount" : From January 1, 1969 tbru Revised

as of December 31, 1968 :Total Payment Due December 31, 1982 Schedule

Dec-1-r _{31 :} and "1968 Consolidation IntC'est" 8 : : 8 3 1/2% Interest

• 1 • • • 5 • • • • 9

of nch : "1968 ｾ＠ "1968 Ccmaolidatian tntc .. t" ·· : • • • . •

year ; Consolidated ; : Payable on ;

1919 1<170 1<171 1<172 1'113 1'114 1<17, 1'116 1'117 1'118 1<179 1980 1981. 1982 Total.9

: .Aaount" : Accured ;Unpaid Balance :

: of Principal : 1/1/69 : of "1968 :

: and Interest : to 12/31/71 : Ccmaolidated :

(a) : (b) ;Amount" (c) (d):

Total

(1 +2+3) "Consolidated Amount" +

"Consolidation Interest"

(e)

Principal Interest (d) Total (6+7) : All Payments

: (4+5+8)

(f)

.

.

.

.

.

.

.

- · -ＭＭｾＭｾＭＭＭＭＭＭ

:$ -0-

;s

-0- ;, -0-

;$

-0-

;$

-0-

;$

691,691.63

;$

338,928.90

;$

1,030,620.53

;$

1,030,620.53 •

-0- : -0- : -0- : -0- : -0- : 691,691.63 : 314,719.69 : 1,006,411.32 : 1,006,411.32

-0- : -0- : -0.. : -0- : 30,685.17 : 691,691.63 : 290,510.49 : 982,202.12 : 1,012,887 .29

52,741.49 : 4,746.73 : 31,644.89 : 89,133.11 : 49,931.49 : 691,691.63 : 266,JOl.28 : 957,992.91 : 1,097,057.51

105,482.97 : 9,493.47 : 30,ail2.65 : 145,039.09 : 48,842.<Yl : 691,691.63 : 242,092.W : 933,783.70 : 1,127,664.86

105,482.<17 : 9,493.47 : 26,898.16 : 141,874.60 : 47,752.66 : 691,691.63 : 217,882.87 : 909,574.50: 1,099,201.76

105,482.97 : 9,493.47 : 23,7JJ.67 : 138,710.11 : 66,454.27 : 691,691.63 : 193,67J.66 : 885,365.29 : 1,090,529.67

158,224.46 : 14,240.20 : 20,569.18 : 193,033.84 : 64,820.15 : 691,691.63 : 169,464.45 : 861,156.08 : 1,119,010.(J/

1,8,224.46 : 14,240.20 : 15,822.45 : 188,287.ll : 63,186.03 : 691,691.63 : 145,255.24 : 836,946.87 : 1 , 088,420. 01

ＱＵＸＬｾＮＴＶ＠ : 14,240.20 : ll,<Y75.71 : 183,540.37 : 81,342.95 : 691,691.63 : 121,046.04 : 812,737.67 : l , W7,620. 99

210,965.96 : 18,986.94 : 6,328.98 : 236,281.88 : -0- : 691,691.63 : 96,836.83 : 788,528.46 : 1,024,810. 34

-0- : -0- : -0.. : -0- : -0- : 691,691.63 : 72,627 .62 : 764,319.25 : 764,319.25

: -0- : *().. : -0- : -0- : -0- : 691,691.63 : 48,418.42 : 740,110.05 : 740,110.05

: -0- : -0- ; -0- : -0- ; -0- : 691,691.69 ; 24,209.21 : 715,900.90 : 715,900.90

.

.

.

.

.

.

.

.

.

ﾣ｟ｾＮＸ＿ＹｾＷＴ＠ __

;$

94,934.68 ;, 166,135.69 ;$1.315,900.11 ｾＤ＠ 4?3,0M.79 _ ｾｩ｣ＮＱＬｍＳＬｾＮＸＸ＠ ;i2.241.._%6.77 ｾＱＲＮＮ｟ｾＵ｟ＮＲＴ｟ＹｾﾧＵ＠ ｾｩ ｬｊＬＹＹＴＬＵＶＴＮＵＵ＠

(a) IDlltallmnt ｰｾｴ＠ due an 12/31/68 of $691,691.63 on principal and $363,138.11 interest (J-1/2% on outstanding principal balance of $10,375,374.51),

totaliJ:lg $1,0591829.74 "1968 Consolidated A.:>unt," due in ammal payments of 5% in 1972; 10% each in 1973-1975; 15% each in 1976-1978; and 20% in 1979.

(b) "COD8olidatian interest" of J% a year cm $11054.829.74 accrued in years 1969-1971. The aggregate accrual of $94,934.68 is due in annual payments of

the sue peroentqes u the "1968 Consolidated Amount" shown in footnote (a) above.

(e) "Caneolidatian Interest" of J% a ;year ｾ｢ｬ･＠ in 1972-1979 based on outst&Zlding balance of the "1968 Consolidated Amount" declining in accordance

with colua l.

(d) For period8 UDder a ,ear, interest is c0111puted on a 365-day-,ear, number-of-days basis.

(e) From collmll 4 • .Annu J., ot lllmoruda ot Understanding of Deoeaber JO, 1967 • regarding the rescheduling of payments in arrears as of June 30, 1966

and Re J'ul7 1, 1966-Deceaber Jl, 1967 under the SUrplu Agricultural Ccmnodities Agreement of June 28, 1966.

(t) GrUld ｔｯｾ＠ includ . . the ｰｾｷ＠ due u the result of the 1968 rescheduling (colWlln 4), the payments due as the result of the 1967 rescheduling

(col11& ,), and the ari(inal CCllltract\l&l ｾｷ＠ not llOdified by either rescheduling (column 8). This column supersedes Grand Totals column 8 of

ANNEX B

P. L. 480 • Title IV

Indonesia - Cotton Agreement dated June 28, 1966

nl968 Consolidated Amount"

Contractually Due for Consolidation

Principal Amount

Outstanding

Date

December 31, 1968

Total for

Consoli-dation Period

Contractual Patments

Principal Duenterest Due

$691,691.63

$363,138.11

1/1/68-12/31/68

$691,691.63

$363,138.11

"1968 Consolidated Amount" of

L

J

...

- -r

MEMORANDUM OF AGREEMENT BETWEEN THE GOVERNMENT OF THE

REPUBLIC OF INDONESIA AND THE GOVERNMENT OF THE UNITED STATES

OF AMERICA REGARDING THE RESCHEDULING OF THE 1968 PAYMENT UNDER

THE SURPLUS AGRICULTURAL COMMODITIES AGREEMENT OF

APRIL 18, 1966, AS AMENDED

1. Reference is made to the "Agricultural Commodities

Agree-ment between the GovernAgree-ment of the Republic of Indonesia and

the Government of the United States of America under Title IV

of the Agricultural Trade Development and Assistance Act, as

amended," signed April

18, 1966

("The

1966

Rice Agreement"),

as amended by the exchange of notes June

6, 1966.

Reference

is made also to the Memorandum of Agreement of December 30,

1967,

between the Government of the Republic of Indonesia and

the Government of the United States of America regarding the

rescheduling of payments under the Surplus Agricultural

Commodities Agreement of April

18, 1966,

as amended ("The

1967

Rescheduling Agreement").

In particular, reference is

made also to understandings reached in Paris on October

17

and

18, 1967,

between representatives of the Government of

the Republic of Indonesia and the United States of America

and among representatives of other creditor governments

re-garding the rescheduling of debts owed to them by the

Government of Indonesia.

2. In accordance with such understandings, it is agreed that

the payment in "The

1966

Rice Agreement" due in calendar year

1968

be rescheduled as follows:

'

a.

the items making up the installment due and payable

on August 2,

1968,

amounting to

$1,657,766.67

of

principal and to $323,264.50 of interest be

consoli-dated, making a total of

$1,981,031.17

(hereinafter

the

"1968

Consolidated Amount");

b.

"1968

Consolidation Interest" shall be computed at

the rate of

3

percent a year on the

"1968

Consolidated

Amount" during the period August 3,

1968,

through

August 2,

1971,

and thereafter on the outstanding

balance of the

"1968

Consolidated Amount";

c.

"1968

Consolidation Interest" which accrues on the

"1968 Consolidated Amount" through August 2, 1971,

shall not be subject to being compounded and shall

be deferred and become payable in the years

1972-1979

(2)

d.

"1968 Consolidation Interest" which accrues on the

"1968 Consolidated Amount" after August 2, 1971,

shall be payable on August 2, 1972, and on each

August 2 thereafter on the outstanding balance of

the "1968 Consolidated Amount";

e.

the "1968 Consolidated Amount" of $1,981,031.17

and "1968 Consolidation Interest" to be accrued in

1968-1971 aggregating $178,292.81 shall be payable

in installments on August 2 in the years 1972·1979

as follows:

5 percent in 1972; 10 percent each in

1973, 1974 and 1975; 15 percent each in 1976, 1977

and 1978; and 20 percent in 1979;

f.

for periods of less than a year, interest shall be

computed on a 365-day-year, number-of-days' basis.

3. Annex A sets forth a revised schedule of payments including

those specified in paragraph 2 of this agreement and the

re-maining contractual payments and rescheduled payments due in

accordance with "The 1966 Rice Agreement" as amended, and "The

1967 Rescheduling Agreement" which are not otherwise modified

by this agreement.

4. Annex B sets forth the computation of the "1968 Consolidated

Amount."

S. All of the payments due in accordance with paragraph 2

of this agreement may hereafter be termed payments under

"The 1968 Rescheduling Agreement."

6.

Done at Djakarta, in duplicate, this 20th day of Decem9er

1968.

_;tf> r the\,\ Government of the

,f1lepublici\ o.f Indonesia:

Signed

(Foriegn Minister)

For the Government of the

United States of America:

Signed

PUBLIC LAW 480, TITL! IV

INDONESIA - AGREEMENT DATED APRIL 18, 1966 REVISED SCHEDULE OF PAYMENTS

(AS OF JANUARY 1, 1969)

Annex A

Due Date ｾｇＭ : 987 RESCHEDULING : : GRAND l'Ol'AL

August 2

of each yea:r

Payment Due of "1968 Consolidated Amount"

as of August 2, 1968 :Total Picyment Due

and "1968 Consolidation Interest" @ 3:

1.

"1968 Consolidated

Amount" of' Principal and Interest

(a)

2) {3 4

m

11_{1968 Consolidation Interest"}

: Payable on Total "Consolidated

Accured :Unpaid Balance (1+2+3) .Amount" +

8/J/68 : of "1968 "Consolidation

to 8/2/71 : Consolidated Interest"

(b) :Amount" (c) (d) __ _le)

Frca August J, 1968 t.hru

August 2, l<J71

8 4 7/Sf. Interest

(6) : (7) -:----\BJ

Principal :Interest (d): ToW (6-+'7)

Revised Schedule

\9)

: All Picyments (4+5+8)

(f)

1969 :$ -0.. :$ -0.. :$ -0.. :$ -0- :$ -0- :$1,657,766.67 :$242,448.38 :$1,900,215.05 :$ 1,900,215.05

l<J70 : -0- : -0- : -0- : -0- : -0- : 1,657, 766.67 : 161,632.25 : 1,819,398.92 : 1,819,398.92

1971 : -0- : -0- : -0- : -0- : 174,226.08 : 1,657, 766.66 : 80,816.12 : 1, 738, 582. 78 : l, 912,808.86

1972 : 99,051.56 : 8,914.64 : 59, 430.94 : 167,397.14: 283,504.0l : -0- : -0- : -0- : 450,901.15

1973 : 198,lOJ.12 : 17,829.28 : 56,459.39 : 272,391.79 : 277,318.47 : -0- : -0- : -0- : 549,710.26

1974 : 198,103.12 : 17,829.28 : 50,516.29 : 266,448.69 : 271,132.92 : -0- : -0- : -0- : 537,581.61

1975 : 198,103.12 : 17 ,829 . 28 : 44,573.20 : 260,505.60 :

m

,318.05 : -0- : -0- : -0- : 637 ,823.65

1976 : 297,154.68 : 26,743.92 : 38,630.11 : 362,528,71 : 368,039.7'4 : -0- : -0- : -0- : 730,568.45

1977 : 297 ,154.68 : 26, 743 . 92 : 29, 715.47 : 353,614.07 : 358, 761.43 : -0- : -0- : -0- : 712,375.50

1978 : 297 ,154.68 : 26, 743.92 : 20,800.83 : 344,699.43 : 461,853.80 : -0- : -0- : -0.. : 806,553.23

1979 : 396,206.21 : ;35,658.57 : 11,886.19 : 443,750.97 : -0- : -0- : -0- : -0- : 443,750.97

.

.

.

.

.

.

.

.

.

.

Totals :$1,981,0Jl.17 :$ 178_,292.81 Ｚｾ＠ __ ｾＱＲ _Ｑ ＰＱＲＮＴｾ＠ :$ Ｒ _ＱＴＷ｢ＮｊＮＱｾﾷＴＰＮＭＭＧＮｌｾＷＲＬＱＵＴＮＵＰ＠ __.!.14.._<llJ,300.00 :$484 .... 896.75 :$5,458,196.75 :$10,501,687.65

(a) Installment payment due on 8/2/68 of $1,657, 766.67 on principal and $J2J,264.50 interest (4-7/Bf. on outstanding principal balance of' $6,631,066.67)

totaling $1,981,0Jl.17 11_{1968 Consolidated Amount," due in annual payments of 5% in 1972; 10% each in 1973-1975; 15% each in l<J76-1978; and 20% in 1979.}

(b) "Consolidation Interest" of 3% a year on $1,981,0;31.17 accrued in years 1969-l<Jll. The aggregate accrual of $178,292.81 is due in annual payments

of the same percentages as the "1968 Consolidated Amount" shown in footnote (a) above.

{c) "Consolidation Interes t " of J% a year payable in 1972-l<J79 based on outstanding balance of the "1968 Consolidated amount" declining in accordance with

column 1 .

(d) For periods under a year, interest is computed on a 365 day-year, number-of-days basis.

(e) From column 4, Annex A, of Memorandum of Agreement of December JO, 1967, regarding the rescheduling of pa;yments in arrears as of June JO, 1966 8Ild due

July 1, 1966-December Jl, 1967 under the Surplus Agricultural Canmodities Agreement of April 18, 1966 BB amended.

(f) Grand Total includes the payments due as the result of the 1968 rescheduling {column 4), the payments due as the result of the 1967 rescheduling

(column 5) , and the or iginal contractual ｰｾｮｴｳ＠ not modified by either rescheduling (column 8). This column superseded Grand Totals column 8 of

Annex A of the Memorandum of Agreement of December JO, 1967.

ANNEX B

PL 480

Title IV

Indonesia - Rice Agreement dated April 18, 1966

"1968

Consolidated Amount"

Contractually Due for Consolidation

Principal Amount

Outstanding

$6,631,066.57

Date

August 2, 1968

Total for

Consoli-dation Period

1/1/68-12/31/68

"1968 Consolidated Amount" of

Principal and Interest

Contractual Payments

Principal Due

Interest Due

$1,657,766.67

$323,264.50

$1,657,766.67

$323,264.50

- -

/

Dated:

A.I.D. Loan No.

497 -K-013

LOAN AGREEMENT

(AMENDATORY AGREEMENT NO.

2)

(1968

DEBT RESCHEDULING)

BETWEEN

THE

REPUBLIC OF INDONESIA

AND THE

A.I.D. Loan No .

497 -K- 013

AMENDATORY AGREEMENT NO. 2

(1968

DEBT RESCHEDULING)

WHEREAS , as set forth in Amendatory Agreement No . 1

of De cember

30, 1967

to this Loan, the GOVERNMENT OF THE REPUBLIC

OF INDONESIA ("Borrower") and the GOVERNMENT OF THE UNITED STATES

OF AMERICA ("United States"), in an AIDE MEMOIRE of May

19, 1967

accepted by the Borrower on Ju.ne

16, 1967,

referred to in said

Amendatory Agreement No. 1, agreed. t,o Yescheduling of certain

debts of the Borrower in arrears or due between July

1, 1966

and Dec-ember

31, 1967,

including tbe debt owing on this Loan;

WHEREAS, in Amendatory Agreement No. 1 to this Loan

the Borrower and the AGENCY

FOB

INTERNATIONAL DEVELOPMENT ("A. I.D . " )

agreed that i n aC"cordance WJtb the principles of said AIDE MEMOIRE,

debt owing on t.r_is Loar_ should be repaid as set forth in the

Revised. Scbedu.le of Payments set forth in Annex A to Amendatory

Agreement

Nn.

l;

WHEREAS, based on 1.mderstand·i ngs ｲｾ｡｣ｨ･､＠ in Paris on

J <:'.tObPr

17

and

18,

ＱＹＶＷｾ＠ between repn:-sentative.s cf the Borrower

and of the LJni•ed Si ates, it bas beE:n det.ermined to re s chedule

2

-including debt owing on this Loan during such period, on the

basis of t he principles established in said AIDE MEMOIRE and

applied in Amendatory Agreement No. l to this Loan;

WHEREAS, the "Consolidated Amount" of payments of

principal and interest for calendar year

1968

totals

$2, 208, 548. 94

as set forth in Annexes A and B attached hereto;

I t is therefore agreed that the debt owing by the

Borrower under this Loan, including (a) the debt originally in

arrears or due between July

1, 1966

and. December

31, 1967

and

rescheduled under .Amendatory Agreement No. 1, (b) the debt due

in calendar year

1968,

and (c) the balance due thereaft er shall

be repaid in accordance wit.h the principles established by said

AIDE MEMOIRE and the understand.i.ngs reached in Paris on

October

17

and

18, 1967

applying said principles to debt owing

by the Borrower in ('.aler: dar year-

1968,

and based on said principles

and u.n.derstand.ings > st1all be repaid as set forth in Annex A

attached hereto, Annex A sball replace

Ln

its enti rety Annex A

3

-It is further agreed that to the extent not amended

herein, the terms and conditions of this Loan, as amended in

Amendatory Agreement No. 1, shall remain in full force and

effect.

Done at Djakarta, Indonesia

this

December 20th

·foPUBLIC OF

ｉｎｄ｣ｬｎｅｓｾ＠

1

Signed

By:

AGENCY FOR INTERNATIONAL DEVELOPMENT

Due Date

June 11, 1969 Deceaber 11, 1969 JWM ll, 1970 Dece-r ll, 1970 June ll, 1971 Decellber l.l, 1971 June ll, 1972 Oeceaber ll, 1972 June ll, 1973 Deceaber 11, 1973 Jime 11, 1974 Dece-r 11, 1974 June ll, 1975 December ll, 1975 June 11, 1976 December ll, 1976 JllM ll, 1977 Deceaber 11, 1977 June 11, 1978 Oec.aber ll, 1978 June ll, 1979 Deceaber 11, 1979

TOTAi.'!

CCMMODITr ASSISTAJICE LOAN (MARCH 7, 1963) LOAN NO. 497-K-013 - INDOllESIA

REVISED SCHEDULE OJI' PAYMEllTS AS OJI' JAllUARY l, 1969

l R!SCHEDULillG l RESCHEDULING REMAINING ORIGIKAL CONTRACTUAL PAYMENTS Pa.yloeot Due or "l Consolidated Allowit" Total Payment Due Prom January 1, 1 9 to Jl'ioal Maturity

Ill or December 31, 1968

8 J1(if1. Interest l!•a• and "1968 Consolidation Interest" 8 ｊｾ＠ 12· a.

(l) (2) (3) (4) (5) (6) (7) (8)

Ｂｬｾ＠ Consolidation Interest" Total "Consolidated Amount 11 _{+ Principal Intereot(d) Total}

"1968 Consolidated Payable on (1+2+3) "Conaol1dat1on Interest• · (6+7)

Aaount" Accrued unpaid Balance (e)

or Principal of "1968 Consolidated

and Iotere1t (a) to 12'.!l(b) Aaount" (cl(d)

•

-0-

•

-0-

•

-0- $ -0- $ -0- $ 925,6o6.97 $145,383.69 $1,070,990.66

-0- -0· -0- -0- -0- 925,6o6.97 129,940.00 1,055,546.97

-0- -0- -0- -0- -o- 925,6o6.9r l.13,076 . 20 l,038,683.17

-0- -o- -0- -0- -0- 925,6o6.97 97,455 ,00 l,023,o6i.97

-0- -o- -0- -0- 250,493.16 925,6o6.97 Bo, 768.72 l,oo6,375.69 -0- -0- -0- -0- 248, 749.36 925,6o6.97 64,970.00 990,576.97 55,213.73 4,969.24 33,219.00 93,401.97 407' 772 . 38 925,6o6.97 48, 727 , 50 974,334.47 55,213. 72 lo,969.23 32,388.52 92, 571.47 403, 772.62 925,6o6.97 32, 485.00 958,091.97 110,427 .45 9,938.47 31, 385.6o 151, 751.52 396,894.87 925,6o6.93 16,153.74 941, 76o.67 110,427 .44 9,938.47 29,897 .10 150,263.0l 394,846.33 -0- -0- -0-110,427 .45 9,938.47 28,oBl.85 148,447 .77 390,017 .35 -o- -0- -0-110,427 .44 9,938.47 26,575.20 l "6. 941. ll 385,920.03 -o- -0- -0-uo,i.27.45 9,938.47 24,778.10 145,144 .02 542 ,857 .80 -0· -0- -0-110,427.44 9,938.47 23,253.30 143,619.21 536,48o.13 -0- -0- -0-165,641.17 14,907. 71 21, 592.35 202,141.23 529,541.52 -0- -0-

-o-165,641.17 14,907.70 19,100.92 199,649. 79 523,090 .69 -0- -0- -0-165,641.17 14,907.71 16, 518. 74 l97,o67 .62 516,225.24 -0- -o- -0-165,641.17 111,907. 70 li.,118.07 194,666.94 509, 701.24 -0- -0- -0-165,641.17 14,907. 7l ll, 563.12 192,l.12.00 664,626.96 -0- -0- -0-165,641.17 14,907. 70 9,135.22 189,684.09 655, 798.22 -0- -0- -0-220,851,.90 19,876.94 6,6o7 .49 247,339.33

---

-0- -0-

-0-ＲＲＰＬＸｾＴﾷＲＲ＠ 12,876.2!! J, J21.22 244,05,l· 74

---

-0- -0-

-0-$2,2o8,548.94 $189,169.40 $331,536.48 $2, 73!Ul2h82 ＤＷ Ｌ ｾＬ｝ﾧｊ ＮＳＰ＠ $8,330,462.69 tI28, 252 · 85 ｾｾ＠

ANJIEX A

GRAliD TOTAL Revised Schedule (9) All Payments

(4+5+8) (r)

$ l,070,990.66 1,055, 546 ,97 1,038,683.17 l,023,o6l.97 1,256,868.85 l,239,326.33 l,475,508.82 l,454,436.o6 l,492,407.o6 545,109.34 538,465.12 532,861.11> 688,001.82 68o,099.34 731,682. 75

7_{22, 740 .48}

713,292.86 704,368 .18 8)6, 738.96 845,482.31 24-,339.33 ＲｩＮｩＮ ＱｯｾｊＮＷＴ＠ ｩＱＲＬＱｾＲＷＬｯＶＵＮＲＶ＠

(a) Inata.U.eot ｰ｡ｾｯｴ＠ due on June ll, 1968 and Deceaber 11, 1968 of $1,851,213.94 on principal and $357, 335 .00 interest (3 ｬＯｾ＠ on outataodi.og priocip&l. balance of $l.O,l8l,676.63), total.ling $2,2o8,5a.8,9li "1968 Consolidated Amount," due in sei:d- = a l payr.!e.nts of: r l/2". ｩｾ＠ 'fr., : ｾ＠ eo.o.'1 in 1.'"7'-1975: 7 / ｾ＠ <>ach !n l•J76-F'7<'; and lel't in 1979.

(b) "1968 Cooaolidation Iotereat" of Ｓｾ＠ a year oo $2,2o8,5lo8.94 accrued for period 12/11/68 to 12/10/71 inclueive. The ｡ｧｧｲ･ｧ｡ｾ＠ accrual of $198, 769.40 is due in •etl- a=ua... payment, of the • ...., percentage• aa the "1968 Consolidated Aaouot" ahovn in footnote (a) above.

(c) '"1968 Consolidation Interest" of Ｓｾ＠ a year payable in 1972·1979 based on outatanding balance ofthe "1968 Consolidated Amount" declining in accordance vith column l.

(d) Jl'or periods under a year, intere1t is computed on a 365-day-year, ouaber-of-daya' basil.

(e) P'rom column 4, Annex A, or Ameodatory Agreement !lo. l of December 30, 1967, regarding the rescheduling of payments in arrears as of June 30, 1966 and due July 1, 1966-December 31, 1967 under AD> Loan Agreement of March 7, 1963.

ANNEX B

A. I.D. Program Loan -

"1968

Consolidated Amount"

Loan No.

497-K-013

Contractually Due for Consolidation

Principal Amount Outstanding

$10,181,676.63

ＤＱＰｾＱＸＱＬＶＷＶＮＶＳ＠

Date

June

11, 1968

December

11, 1968

Total for Consolidation

Period

1/1/68-12/31/68

11

1968

Consolidated Amount" of Principal and Interest

ｃｯｾｴｲ｡｣ｴｵ｡ｬ＠ Payments

Principal Due Interest Due

$ 925,606.97

925,606.97

*

$178,667,50

178,667,50

$1,851,213.94

$357,335.00

$2,208,548.94

*

An extra day for Leap Year (February

29)

is included in this

Dated:

A.I.D. Loan No.

ECAX

87 -

1

&

2

LOAN AGREEMENT

(AMENDATORY AGREEMENT NO. 2)

(1968

DEBT RESCHEDULING)

BETWEEN THE

REPUBLIC OF INDONESIA

AND THE

Loan No. ECAX

87 -

1

&

2

AMENDATORY AGREEMENT NO. 2

(1968

DEBT RESCHEDULING)

WHEREAS, as set forth in the Amendatory Agreement No. 1

of December

30, 1967

to this Loan, the GOVERNMENT OF THE REPUBLIC

OF INDONESIA ("Borrower") and the GOVERNMENT OF THE UNITED STATES

OF AMERICA ("United States") in an AIDE MEMOIRE of May

19, 1967

accepted by the Borrower on June

16, 1967,

referred to in said

Amendatory Agreement No. 1, agreed to rescheduling of certain

debts of the Borrower in arrears or due between July

1, 1966

and

December

31, 1967,

including the debt owing on this Loan;

WHEREAS, in Amendatory Agreement No. 1 to this Loan, the

Borrower and the AGENCY FOR INTERNATIONAL DEVELOPMENT ("A. I. D. " )

agreed that in accordance with the principles of said AIDE MEMOIRE,

debt owing on this Loan should be repaid as set forth in the

Revised Schedule of Payments set forth in Annex A to Amendatory

Agreement No. l;

WHEREAS, based on understandings reached in Paris on

October

17

and

18, 1967,

between representatives of the Borrower

and of the United States, it has been determined to reschedule

2

-including debt owing on this Loan during such period, on the basis

of the principles established in said AIDE MEMOIRE and applied

in Amendatory Agreement No. l to this Loan;

WHEREAS, the "Consolidated Amount" of payments of principal

and interest for calendar year

1968

totals

$1,095,397,26

as set

forth in Annexes A and B attached hereto;

It is therefore agreed that the debt owing by the

Borrower under this Loan, including (a) the debt originally in

arrears or due between July

1, 1966

and December

31, 1967

and

rescheduled under the Amendatory Agreement No . 1, (b) the debt

due in calendar year

1968,

and (c) the bal ance due thereafter

shall be repaid in accordance with the principles established

by said AIDE MEMOIRE and the understandings reached in Paris on

October

17

and

18, 1967

applying said principles to debt owing

by the Borrower in calendar year

1968,

and based on said

principles and understandings, shall be repaid as se·c forth in

Annex A attached hereto . Annex A shall replace in its entirety

3

-It is further agreed that to the extent not amended

herein, the terms and conditions of this Loan , as amended in

Arnendatory Agre ement No. 1 shall remain in full force and effect.

Done at Djakarta, Indonesia

this

December 20th

₁₉

68.

ｾｾｾｾｾｾｾｾｾｾｾｾｾ＠

REPUBLIC OF \I:NDONESIA

.0

Signed

ＨｂＭｦＮＺ

ＭＭｾ

ＭＭ］ＭＭ

AGENCY FOR INTERNATIONAL

ｄｅｖｅｌｏｐｍｅｎｾ＠

Due Date

June 30 ! 1969

Deceaber 31, 1969 June 301 1970

Dece-r 31, 1970 June 30, 1971 Deceaber 31, 1971 June 30, 1972 Deceaber 31, 1972 June 30, 1973 Deceaber 31, 1973 June 30, 1974 Deceaber 31, 1974

Jime 30' 1975 Decellber 31, 1975 June 30 I 1976

n.ce•ber 31, 1976 June 30, l m Dece•ber 31, lm June 30, 1978 December 31, 1978 June 30, 1979 Decuber 31, 1979

TOTAU!

COlllODITY ASSISTA1'CE LOl\ll (OCTOBER 28, 1948)

LOAlf llO. ECAJC 87 -1 le 2 ( 497 -8-001 ) - IllDOllESIA REVISED SCHEDULE OP' PAYME1'1'S AS OP' JANUARY l, 1969

1968 RESCHEDULING 1967 RESCHEDULING REMAIN!

ANNEX A

Payment Due ot "1968 -Consolidated Amount" Total Payment Due From January l, 1969 to Final Maturity

as or December 31, 1968 ₁

and Ｂｬｾ＠ ｾＰＱｯｬｩ､｡ｴ｟ＱｊＱＡＡ｟｟ｉｮｴ･ｲ･ｳｴＢ＠ 8 3' p.a. _8 2 /2' Intereae p .a.

(l) (2) (3)

"1968 Consolidation Interest" "1968 Consolidated Payable on

Allount Accrued Un:said B&lance or Princi:sal or "1968 Consolidated and Interest (•l to l27l(bl Account"(cl(d)

*

-0-*

-0-*

-0--o- -0-

-o--0- -0-

-0--0- -o-

-0--0- -0-

-0--0- -0-

-0-27,3811.93 2,464.65 16,385.94 27,3811.93 2,4611 .64 16,151.86 5lo, 769.86 4,929.28 15,481.U 54, 769.87 4,929.29 _11,909.41 54, 769.86 11, 929.29 13,851.52 54, 769.87 4,929.29 13,252.81 5lo,769.86 :. 929.29 12,221.93 54, 769.87 4,929.29 u,596.21 82,154.SO 7,393.93 l0,650.86 82,154.79 7,393.93 9,525.45 82,154. SO 7,393.93 8,147.95 82,154. 79 7,393.93 7,040.55 82,154.79 7, 393.93 5, 703.57 82,154. 79 7,393 .93 4,555.65 109,539·73 9,858.58 3,259.18 lQ9. 539. 72 9,858.57 l,656.6o .$1L092-.321•26 $98,585. 75 ＤＱｾＳＲｑＮＶｯ＠

(4) (5)

Total "Con aolidated A.mount " +

(1+2+3) "Consolidation Interest

(e)

*

-0-*

-0--0-

-0--0-

-0--0-

-0--0- 121.,610.45

-0- 121,230.82 46,235. 52 198,127 .84 46,ooi. i.3 196,621.18 75,1S0.25 193,833.26 7k,6o8.57 192,255.42 73,550.67 189,538.69 72,951.97 187,889.67 71,921.oS 263,9o8.8o 71,295 . 37 261,097.16 100,199.59 257,466.93 99,074.17 254,548 . 51 97,696.68 251,025.o6 96,589.27 2lo7,999.87 95,252.29 323,2117.88 94,104.37

122,657 .49 319,024.49 121,054.89

-.$1,-15li, ] l l . 61 !3.579,426.03

*

(6) Principal i.15,000.00 475 ,000.00 475,000.00 475,000.00 '<75,000.00 475,000.00 475,000.00 475,000.00 525,000.00 525,000.00 -0-14.850.000.00 (7) Intereot(d)

*

6o,l26.71 55,136.99 i.a,349.32 43,164 . 38 36,571.92 31,191.78 24,931.51 19,219.18 13,017. 12 6,616.44 -0-i118_._i25_.35 .$ (8) Total (6+7) 535,126. 71 530,136.99 523,349.32 518,164.38 511, 571.92 5o6, 19i.78 499, 931.51 494,219.18 538,017 .12 531,616.44 ...() . -0- ...()- -0-...(). ｾＲＵＮ ＮＳｾ＠

RA1'D TOTAL

Revised Schedule

(9)

All Pa:.--enta (4+5+8) (t)

$ 535,126. 71 530,136 . 99 523,349.3;? 518,164 .38 633,182.37 627,1i22.6o 744,294.87 736,841. 79 8o7,030.63 798,480.43 263,089.36 26o,84l.64 335,829.88 332,392.53 357,666.52 353,622.68 348, 721.74 344,589.14 i.18,500.11 413,128.86 122,657 .49 121,054.89 il:O, 126, 124 . 99 (a) Inotallaent - n t due on 6/30/68 and 12/ 31/68 or $950,000.00 on princi:sal and $145,397 .26 interest (2 l/21> on outstandl ｮｾ＠ princi:sal balance ot .$5,SOO,ooo.oo), totalling $1,095,397 .26

.. 1968 Con•o.lidated Amount," due in ;e!:.l..l.- wlI:. "" 'lts of': ｾ＠ ＮＯＧ｣ＮＮＮｾ＠ in : :-rr : ir,; r...c1c"" 1:- !."'.l7-:;.. , _':Y[5; ·r 1/ ,._'° uL...J ·.u ift; -• rrc; Ji...!'..J • r. i

(b) "1968 Conaol1dation Intereat" or 3, a y"ar on $1,095,397.26 accrued for period 12/31/68 to 12/ 30/71 inclusive. The aggregate accrual of $96,585.75 is due in co1d - annual pay·ments of ｴｨｾ＠ "rune ·o• <l "'l .. ornli, 1d .""1ou: ' ·1°'-,, in i'cctnotc (a) at

( c) ''1968 Conaolidation Interest" of 3" a year :i:-yable in 1972-1979 based on outstanding balance or the "1968 Consolidated Amount" declining in accordance with column l.

(d) For period• under a year, i nterest ia computed on a 365-day -year, number-or-days• basis.

(e) Fran column 4, Annex A, or Amendatory Agreement or December 30, 1967, regarding the reacneduling of payments in arrears aa or Jwie 30, 1966 and due July 1, 1966-0ecember 31, 1967 under the ECA Loan Agreement of October 28, 1948.

ANNEX B

ECA Commodity Assistance Loan - 11

1968 Consolidated Amount"

Loan No.

ECAX

87 - 1

&

2

Contractually Due for Consolidation

Contractual Payments Principal Amount

Outstanding Date Principal Due I nterest Due

' !

$5 , 800 ,000.00

ＤＵｾＸＰＰＬＰＰＰ ＮＰ Ｐ＠

June 30, 1968 December 31, 1968

Total for Consoli-dation Period l/l/68-12/ 31/68

$475,000.00 475,000.00

$950,000.00

':$ 72 ' 301. 37

73 ,095 . 89

$145 ,397 .26

·"1968 Consolidated Amount" of

Principal and Interest $1 , 095 ,397.26

*An extra day for Leap Year (February 29) is included in this c alculation.

AGREEMENT BETWEEN THE REPUBLIC OF INDONESIA AND

EXPORT-IMPORT BANK OF THE UNITED STATES

(1968 DEBT RESCHEDULING)

In accordance with the understanding reached among

partic-ipating creditor countries at the Paris meetings October 17-19, 1967,

Lhc Export-Import Bank of the United States ("Eximbank") and the

Govern-ment of Indonesia agree to consolidate 100% of P!='incipal of $10,889,003.70

nnd 100% of interest payments of $3,154,361.82 totalling $14,043,365.52

on credits granted by Eximbank falling due during the Consolidation

Period, January 1, 1968, through December 31, 1968.

Tables surrnnarizing the credits and payments subject to

re-scheduling are appended to this Agreement in Annex A and Annex Bl through

Annex

BS.

Annex C presents a Schedule of Payments as specified in thi s

Agreement, and details of the payments due under said credits not modified

by this Agreement.

In order to effect the understanding, the parties agree as

fol l ows:

1. Intere st Rates.

(a) Under the Credits. Interest rates in _the applicable

credit agreements will remain in forc e but payment

will be deferred in accordance with the offer of

the United States to consolidate fully interest

payments in arrears or due during the

-2-(b) Consolidation. The interest rate to be

｡ｰｰｬｩ･ｾ＠ to the Consolidated Amounts will

be 3% per annum, beginning January 1,

1969. Interest to be accrued on the

Consolidated Amount of $14,043,365.52

during the grace period, January 1, 1969,

through December 31, 1971, totals

$1,263,902.90. Although the

Consolida-tion Interest will accrue in the grace

period January 1, 1969, through December 31,

1971, it will not be collected during

that period and will not be compounded.

This deferred Consolidation Interest will

become payable during the repayment period

following January 1, 1972, in accordance

with the repayment schedule. Consolidation

Interest after December 31, 1971, will be

charged and payable at the rate of 3% per

annum on the declining balance of the

Con-solidated Amounts in the years following

January 1, 1972 •

2. Repayment Period.

The Consolidated Amount shall be repaid during the period

January 1, 1972, through December 31, 1979, with semiannual

-3-3. Repayment Schedule.

The Consolidated Debt shall be repaid as follows :

(a) 5% of the Consolidated Debt shall be

paid in 1972 in approximately equal

semiannual installments;

(b) 10% of the Consolidated Debt shall

be paid in each of the following years:

1973, 1974, and 1975 in approximately

equal semiannual installments;

(c) 15% of the Consolidated Debt shall

be paid in each of the following years:

1976, 1977, and 1978 in approximately

equal semiannual installments;

(d) 20% of the Consolidated Debt shall

be paid in 1979 in approximately equal

semiannual installments;

(e) Consolidation Interest accrued during

the grace period, 1969-1971, will be

payable in accordance with the same

pe rcentage schedule: 5% in 1972; 10%

in each year, 1973-1975; 15% in each

-4-4. Eximbank for itself and for the United States

Government reserves che right to alter the terms

of the rescheduling as stipulated above in the

event the Government of Indonesia accords any

other creditor country more favorable rescheduling

terms .

5. Eximbank on behalf of the United States

Govern-ment shall inno way be responsible for the

pay-ment, rescheduling or refinancing of uninsured,

unguaranteed loans of private persons in the United

States to the Government of Indonesia, its agencies

or its nationals .

6. The Government of Indonesia confirms its

accept-ance of the scheduling terms proposed herein and

its concurrence in the amounts owing on the sub•

ject debts . As evidence of such debts, the

Government of Indonesia agrees to execute two

promissory notes. The first note (Note A) is

in the principal amount of $14,043,365.52

re-presenting the total amount of the consolidated

debt, and this note is accepted in lieu of such

payments scheduled to fall due prior to or during

-5-nt the rate of 3% per annum and is payable

in semiannual installments beginning June 30,

1972, in accordance with paragraph 3 (a-d) of

this agreement. The second note (Note B) is

in the principal amount of $1,263,902.90 and

represents interest accrued on the Consolidated

Amount during the grace period January 1, 1969,

to December 31, 1971, and bears no interest.

This note is payable in semiannual

install-ments in accordance with paragraph 3 (e) of

this agreement.

7. Installments on those obligations owing

Exim-bank which fall due after December 31, 1968,

are due on the dates specified in the original

obligations and bear interest from the due date

of the previous installment specified in the

original obligations at the rate therein specified

and the Goverrunent of Indonesia hereby agrees to

pay such installments when and as due.

8 . The Government of Indonesia agrees to submit

evidence satisfactory to Eximbank, of the authority

of the person or persons who, on behalf of the

Government of Indonesia signs this agreement and

-6-Dated at D1akarta, this __ 2_0_th ___ day of December

jf °VERNMF.NT (}\\.

ｉｾｏｎｅＤＭＡａ＠

Signed

J 1968.

By---..---Title ____ ｾｆｾｯｾｲｾ ･ ｾｩｾｧｮＢＢＢＧＭ ｬＧｶＧｬ［［Ｎ［ＮＮＮＮＮ［［ｩｮｾｩｾ ｳｴ ｾ ･ ｾｲ＠ ______ __

EXPORT- IMPORT BANK OF THE UNITED STA TES

Signed

By __ ...,..,, _ _

...,.... ___

_....--1---+---Title ｾ＠ ｾｾ＠ V re Presi ｮｴＮｾ＠

U. S. $14,043,365.52

REPUBLIC OF INDONESIA PROMISSORY NOTE

NOTE A

(1968 Rescheduling)

January 1, 1972

FOR VALUE RECEIVED, the Government of Indonesia by this

promissory note hereby unconditionally promises to pay to the order

of Export-Import Bank of the United States, at the Federal Reserve Bank

of New York, New York, New York, the principal sum of Fourteen Million

Forly-Three Thousand Three Hundred Sixty-Five Dollars and Fifty-Two

Ce nls ($14,043,365 . 52) in installments as hereinafter provided and to

pay interest on each June 30 and December 31 of each year at the rate

of three per cent (3%) per annum from the date of this note on the

un-paid principal balance hereof from time to time outstanding. Such

in-terest shall be computed on the basis of the actual number of days,

using a 365-day factor.

Installment Due Date Principal Amount

June 30, 1972 351,084.14

December 31, 1972 351,084 .14

June 30, 1973 702,168.28

December 31, 1973 702,168.28

June 30, 1974 702,168.28

December 31, 1974 702,168.28

June 30, 1975 702,168 . 28

-2-Installment Due Date Principal Amount

June 30, 1976 1,053,252.41

December 31, 1976 1,053,252.41

June 30, 1977 1,053 '252 .41

December 31 , 1977 1,053,252.41

June 30, 1978 1,053,252.41

December 31, 1978 1,053' 252 .41

June 30, 1979 1,404,336.55

December 31, 1979 1,404,336.55

Both principal and interest on this promissory note are payable

in lawful money of the United States of America without deduction for

or on account of any present or future taxes, or other charges levied

or imposed on this note or the proceeds or holder hereof by the

Govern-ment of Indonesia or any political subdivision or taxing authority

thereof .

The right is reserved to prepay without penalty, or premium,

all or part of the principal hereof on any installment due date, any

such prepayment to be applied to the remaining installments of

principal in the inverse order of their maturity.

Upon default in the prompt and full payment of any installment

of principal or interest on this promissory note, the entire µnpaid

principal hereof and interest thereon to the date of payment shall

-3-holder hereof.

The failure of the holder hereof to exercise any of its

rights hereunder in any particular instance shall not constitute

a waiver thereof in that or any other instance.

SOVERNMENT \)f lNDONESIA

Signed

NOTE B

(1968 Rescheduling)

REPUBLIC OF INDONESIA PROMISSORY NOTE

U.S. $1,263,902.90 January 1, 1972

FOR VALUE RECEIVED, the Government of Indonesia by this

promissory note hereby unconditionally promises to pay to the order

of the Export-Import Bank of the United States, at the Federal

Reserve Bank of New York, New York, New York, the principal sum of

One Million Two Hundred Sixty-Three Thousand Nine Hundred Two

Dollars and Ninety Cents ($1,263,902.90) in installments as

herein-after provided without interest.

Installment Due Date Principal Amount

June 30, 1972 31,597.58

December 31, 1972 31,597,58

June 30, 1973 63,195.14

December 31, 1973 63,195.14

June 30, 1974 63,195.14

December 31, 1974 63,195.14

June 30, 1975 63,195.14

December 31, 1975 63,195.14

June 30, 1976 94,792,72

December 31, 1976 94,792.72

June 30, 1977 94,792.72

-2-Installment Due Date Principal Amount

Ji.:;ne 30, 1978 94,792.72

December 31, 1978 94,792.72

June 30, 1979 126,390.29

December 31, 1979 126,390.29

Tilis promissory note is payable in lawful money of the United

States of America without deduction for or on account of any present

or future taxes, or other charges levied or imposed on this note or

the proceeds of the holder hereof by the Government of Indonesia or

any political subdivision or taxing authority thereof.

The right is reserved to prepay without penalty or premium all

or part of the unpaid amount hereof on any installment due date, any

such prepayment to be applied to the remaining installments in the

inverse order of their maturity.

Upon default in the prompt and full payment of any installment

on this promissory note, the entire unpaid amount hereof shall immediately

become due and payable at the option and upon demand of the holder hereof.

The failure of the holder hereof to exercise any of its rights

hereunder in any instance shall not constitute a waiver thereof in that

or any other instance.

PVERNMEt\t .gw

ｉｎｄｾｓｉａ＠

s;:::

Signed

By __ ｾｾｾｾｾＮＮＮＭＮＮ｟ＮＮＮｾｾＭＭｾｾｾＭＭ

Credit No.

472

1073

1125

1126

1147

A ex A

INDONESIA

SUMMARY OF CONSOLIDATED AMOUNT OF PRINCIPAL AND INTEREST RESCHEDULED FOR ALL OUTSTANDING PIDEBTEDNESS OF THE GOVERN·

MENT OF INDONESIA TO EXIMBANK

Details in Consolidated Amounts

Annex Payment Dates Principal Interest

Bl 3/1 and 9/3 $ 6,939,484.70 $ 896,999.69

B2 1/15 559 ,521.00 75 ;274. 73

B3 2/12 and 8/12 956,666.00 622,606.51

B4 5/31 and 12/2 2,213,332.00 1,496,404.18

BS

4/1 and 9/30 220,000.00 63,076.71

Totals

$10,889,003.70 ＤｾｦＬｔＵＭＴＬＳＶＱＮＸＲ＠

Total "Consolidated Amount"

--To-t:al

$ 7,836,484.39

634,795.73

1,579,272.51

3,709,736.18

283,076.71

ANNEX Bl

Exirnbank Credit No. 472 - Various

Due under Credit No. 472 for Consolidation during Consolidation Period January 1, 1968 - December 31 1968

Date

Mar ch 1 , 1968

Sept embe r 3, 1968

Totals

Conso lida t e d Amount of

Principa l a nd Interest

Principal Due

$3,469,742.35

3,469,742.35

$6,939,484.70

Interest Due

$525,689.73

!/

371,309 .96

$896,999.69

$7,836,484.39

ｾＯ＠ This amount includes interest which accrued from September 1, 1967,

ANNEX B2

Eximbank Loan No. 1073 (Cement Plant Expansion)

Due under Credit No. 1073 for Consolidation during Consolidation Period ·

January 1, 1968 - December 31, 1968

Date Principal Amount Interest Due

January 15, 1968

!J

$559,521.00 $75,274.73

y

Totals $559 ,521.00 $75,274.73

Consolidated Amount of

Principal and Interest $634,795.73

!J

Upon payment of this installment, _Credit No. 1073 will be fully paid.

y

This amount includes interest which accrued from July 17, 1967,

through December 31, 1967, inasmuch as the interest was not included

in the previous rescheduling.

ANNEX BJ

Eximbank Credit No.1125 {Electric Power Plant)

Due under Crfadit No. 1125 for Consolidati9n during Consolidation Period January l, 19fi_? - December 31 1968

Principal Due Interest Due

February 12, 1968 $478,333.00 $336,153.00

y

August 12, 1968 $478,333.00 286,453.51

Totals $956,666.00 $622,606.51

Consolidated Amount of

Principal and Interest $1.579.272.51

Y

This amount includes interest which accrued from August 10, 1967,

ANNEX B4

Eximbank Credit No. 1126 (Fertilizer Plant)

Due under Cz:edit No. 1126 for Consolidati_on during Consolidation Period

January 1, 1968 - Decemb_e_r_3 ... l_.__l ... 9'"""6.._8 ...

-nate

May 31, 1968

December 2, 1968

Totals

Conso lidated Amount of

Principa l and Interest

Principal Due

$1,106,666.00

1,106,666.00

$2,213,332.00

Interest Due

$ 755,354.03

]j

741,050.15

$1,496 ,404 .18

$3,709,736.18

ANNEX BS

Eximbank Credit No. ll4 7 (Drainage & Irrigation)

Due under Credit No. 1147 for Consolidation during Consolidation Period January l, 1968 - December 31, 1968

Date

April 1, 1968

Se ptember 30, 1968

Totals

Consolidated Amount of

PrincipAl and Interest

Principal Due

$110 ,000. 00

110,000.00

$220,000.00

Interest Due

$34,692.19

]j

28,384.52

$63,076.71

$283 ,076. 71

1../

This amount includes interest which accrued from October 2, 1967 to December 31, 1967, inasmuch as this interest was not included

ANNEX C

EXIMBANK - INDONESIA

scmmULE OF PAYMENTS OF "CONSOLIDATED AMOUNT'' .FOR ALL

OUT-S TANDINt; INDEBTEDNESS OF THE GOVERNMENT OF INDOITT;SlA TO EXIMBANK

AS OF 12/31/68

cu

Ｈｾ＠

Payment of

"Con-Payment of "Con- solidation

In-solidated Amount" terest" Accrued

of Principal and

@

3% p.a. in

Due Dates Interest (a) 1969-1971 (b)

6/30/72 $ 351,084.14 $ 31,597.58

12/31/72 351,084 .14 31,597.58

6/30/73 702,168.28 63,195.14

12/31/73 702,168.28 63,195.14

6/30 /74 702,168.28 63,195.14

12/31/74 702,168.28 63,195.14

6/30 /75 702,168.28 63,195.14

12/31/75 702,168.28 63,195.14

6/30/76 1,053,252.41 94,792.72

12/31/76 1,053,252.41 94,792.72

6/30/77 1,053,252.41 94,792.72

12/31/77 1,053,252.41 94,792.72

6/30/78 1,053,252.41 94' 792' 72

12/31/78 1,053,252.41 94,792.72

6/30 /79 1,404,336.55 126,390.29

12/31/79 _{11404 1336.55} 1261390.29

Totals $14,043,365.52 $1,263,902.90

(a) Column 1: Represents payments on principal of $10,889,003.70 and interest of $3,154,361.82, or $14,043,365.52 "Consolidated Amount", with details as shown in Annex A and Annex Bl through Annex BS;

interest to accrue at the rate of 3 per cent per annum on the out-standing balance of the "Consolidated Amount", and to be computed

on the actual nwnber of

days.

(b) Column 2: Represents "Consolidation Interest" of 3% p.a. of

$14,043,365.52 "Consolidated Amount" accrued in CY1969-1971. The

aggregate accrual of $1,263,902.90 is due in semiannual payments

of 2-1/2 per cent in 1972; 5 per cent each in 1973-1975; 7-1/2

l.!.

Loan No.

472

1073 1125 1126 1147

,J_

.J

PAYMENTS DUE UNDER THE EXIMBANK CREDITS NOT MODIFIED BY THE CONSOLIDATION

Principal Outstanding

(4) (5)

.f\S of last

Consolida-tion date

9/3/68 1/15/68 8/12/68 12/2/68 9/30/68

Amount

!/

$17 , 348 , 711. 7 5

-o-9,512,639. 78 24,320 ,671.68

880,000.00

Semiannual Payments

(6) (7)

Dates Next Due

3/1, 9/3 3/3/69

1/15 paid

2/12, 8/12 2/10/69

5/31, 12/2 6/2/69

4/1, 9/30 3/31/69

ANNEX C

Page 2.

(8)

Interest Rate (d)

3-1/2"1. p.a. 5-3/4"1. p.a. 5-3/47. p.a. 5-3/4"1. p.a. 5-3/4"1. p.a.

l/ On the reduced balances, as shown above, accrued interest to, but not including the last maturity

- due date in Calendar Year 1968, will be paid by the 1968 Debt Rescheduling . Interest from such

dates will accrue as stated in the original loan agreement•.