Selanjutnya

,

ｾ＠

AGREEMENT BETWEEN THE REPUBLIC OF INDONESIA AND EXPORT-IMPORT BANK OF WASHINGTON

In accordance with the understandings reached among partic-ipating creditor countries at the Paris meetings December 19-20, 1966, as subsequently modified at the Amsterdam meetings February 22-24, 1967, the Export-Import Bank of Washington ("Eximbank") and the Government of Indonesia agree to consolidate 100% of principal of $24,092,571.57 and 100% of interest payments of $7,712,858.01 totalling $31,805,429.58 on credits granted or insured by Eximbank which were over due as of July 1, 1966, and all such debts falling due during the Consolidation Period, July l p 1966, through December 31, 1967.

Tables summarizing the credits and payments subject to re -scheduling are appended to this Agreement in Annex A and Annex Bl

through Annex B6. Annex C presents a Schedule of Payments as specified in this Agreement, and details of the contractual payments not modified by this Agreement .

In order to effect the understandings, the parties agree as follows:

1. Interest Rates.

force but payment ｷｩｬｾ＠ be deferred i.n accordance with the offer. of Lhe United States to Consolidate fully interest ｰ｡ｹｾ＠ ments :i.n arrears or due during the Con= solidation Period.

b. ＬｧｯｮｳｯｬｩｾｊＮＲＮﾣﾷ＠ The int.crest rate to be applied to the Consolidated Amount will be 3% per annum, beginning January 1, ＱＹＶＸｾ＠ Interest to be accrued on tho Consolidated Amount of $31,8059429.58 durlng tho ｾｲ｡｣･＠

period, January 1 ｾ＠ 1968 ｾ＠ through Doccmhc37 31, 1970, totals $2,865,102.81. Although the Consolidation Interest will accrue i.n tho grace period January 1, 1968,· through

December 31 ｾ＠ 1970, i t will not be collected during that period and will not be com-pounded. This deferred Consolidation Interest will become payable during the repayment period following January 1, 1971, in accordance with the repayment schedule. ｾｯｮｳｯｬｩ､｡ｴｩｯｮ＠ Interest after December ＳＱｾ＠

1970, will he charged and payable at the rate of 3% per annum on the declining balance of the Consolidated Amount in the years following January 1, 1971.

2. Repayment Period.

ｔｨｾ＠ Consolidated Amount shall be repaid during the period January 1, 1971 through December 31, 1978, with semiannual payments on June 30 and December 31 of each year.

3. Repayment Schedule.

The Consolidated Amount shall be repaid as follows: a. 5% of the Consolidated Amount shall be paid

in 1971 in approximately equal semiannual installments,

b. 10% of the Consolidated Amount shall be paid in each of the following years: 1972, 1973,

and 1974 in approximately equal semiannual installments,

c. 15% of the Consolidated Amount shall be paid in each of the following years: 1975, 1976,

and 1977 in approximately equal semiannual installments;

d. 20% of the ｃｯｮｾｯｬｩ､｡ｴ･､＠ Amount shall be paid in 1978 in approximately equal semiannual installments;

e. Consolidation Interest accrued during the grace period, 1968-1970, will be payable in accordance with the same percentage schedule: 5% in 1971, 10% in each year, 1972-1974; 15%

in each year) 1975-1977; and 20% in 1978.

4 . Export Credit of Feffer and Simons, Inc . Insured by Foreign Credit Insurance Association.

The Export-Import Bank assumes the obligation re-presented by 95% of the principal-amount insured by the Foreign Credi t Insurance A&sociation of

invoices outstanding as of June 30, 1967, and due to Feffer and Simons, Inc. on the book contract entered into between Feffer and Simons, and the Bank Negara Indonesia. This insured amount of $1,195,522.17 and the interest due the Export-Import Bank in the amount $10,487.72 constitutes the Consolidated Amount for this exporter credit as shown in Annex B6.

The Government of Indonesia agrees to assume all of the obligations of the Bank Negara Indonesia with respect to those letters of credit issued

by the Bank Negara Indonesia for the export sales made by Feffer and Simons, Inc. which were in-sured by the Export-Import Bank of Washington and the Foreign Credit Insurance Association. Accordingly the Government of Indonesia will pay

the Consolidated Amount of insured debt and Consolidation Interest as set forth in Annex C,

all _{as provided for i n Promissory Notes A and B.}

5. In accordance with the non-discriminatory clause of paragraph 8 of the Agreed Minute drawn up at the Paris meeting, the United States Government res'erves the right to alter the· terms of the rescheduling as stipulated above in the event Indonesia accords any other creditor country more favorable rescheduling terms.

6 . The United States Government in no way shall be responsible for the payment, rescheduling or re-financing of uninsured, unguaranteed loans of private persons in the United States to the Government of Indonesia , its agencies or its nationals.

7 . The Government of Indonesia confirms its accept-ance of the f.:;;scheduling terms proposed herein and its concurrence in the amounts owing on the subject debts. As evidence of such debts, the Govermnent of Indonesia agrees to execut e two promissory notes. The first note (Note A) is in the principal amount of $31,805,429.58 representing the total amount of the Consolidated

Amount, and this note is accepted i n lieu of such payments scheduled to fall due prior to or during the Consolidation Period. This note bears interest at the rate of 3% per annum and is payable in semi-annual installments beginning June 30 , 1971, in accordance with paragraph 3 (a-d) of this agreement.

The second note (Note B) is in the principal amount o"f: ·t2·t8o5,102 . 81 and represents interest accrued on the Consolidated Amount during the grace period January 1, 1968, to December 31, 1970, and bears no interest. This note is payable in semiannual installments in accordance with paragraph 3(e) of this agreement .

8. Installments on those obligations owing Eximbank which fall due after December 31, 1967, 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 Government of Indonesia hereby agrees to pay such installments when and as due.

9. 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 who signs Notes A and B referred to herein.

Dated at Djakarta, this

__

3_0_t_h __

day of

December ,

1967.

GOVERNMENT ｾ＠ INDONESIA

Signed

j By __

ｾＮＮＮＭＮＭＮＭＭＭＮＮＮＭＭＮＭＭＭＭＭＭ

Tit le ,

Mmister of Fi'nance

ｅｘｐｏｒｾＭｉｍｐｏｒｔ＠

BANK

oi

ｗａｓｾｉｎｇｔｏｎ＠

By

Signed

Title First Vice President

U.S. $31,805,429.58

REPUBLIC OF INDONESIA PROMISSORY NOTE

NOTE A

January 1 , 19 71

FOR VALUE RECEIVED , the Government of Indonesia by this promissory note hereby unconditionally promises to pay to the order of Export-Import Bank of Washington, at the Federal Reserve Bank of New York , New York , the principal sum of Thirty-One Million Eight Hundred Five Thousand, Four Hundred Twenty-Nine Dollars and Fifty-Eight Cents ($31,805,429.58) in installments as hereinafter provided and to pay interest on each June 30 and Dec ember 31 ｾｦ＠ each year during the life of this note at the rate of three per cent (3%) per annum from the date of this note on the unpaid principal balance hereof from time to time outstanding. Such interest shall be computed on the basis of the actual number of days , using a 365-day factor.

Installment Due Date Principal Amount

June 30, 1971 $ 795 , 135.74

December 31, 1971 795,135.74

June 30 , 1972 1,590 ' 271.48

December 31, 1972 1 , 590 , 271.48

June 30, 1973 1 , 590 , 271.48

December 31, 1973 1, 5 90 ' 2 71. 48

June 30, 1974 1,590 , 271.48

..

-

2-Installment Due Date Principal Amount

June 30, 1975 $2,385,407 .22

December 31, 1975 2,385,407.22

June 30, 1976 2,385,407.22

December 31, 1976 2,385,407.22

June 30, 1977 2 ,385 A07. 22

December 31, 1977 2p385,407.22

June 30 p 1978 3,180,542.95

December 31, 1978 3,180 , 542.95

!oth 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 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 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 unpaid principal hereof and interest thereon to the date of payment shall immediately

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.

GOVERNMENT OF jlNDONESIA

1

Signed

U.S. $2 , 8651102.81

REPUBLIC OF INDONESIA PROMISSORY' NOTE

NOTE B

January 1, 1971

FOR VALUE RECEIVED1 the Government of Indonesia by this promi ssory

note hereby unconditionally promises to pay to the Bxder of the ｅｸｰｯｲｴ ｾ＠

Import Bank of Washington at the Federal Reserve Bank of New York, New York, the principal sum of Two Million Eight Hundred and ｓｩｸｴｹｾｆｩｶ･＠ Thousand One Hundred Two Dollars and Eight-One Cents ($2,865,102.81) in installments

as hereinafter provided without interest.

Installment Due Date Principal Amount

June 30 , 1971 $ 71 , 627.57

December 31, 1971 71,627.57

June 30, 1972 143 , 255.14

December 31, 1972 143 , 255.14

June 30, 1973 143,255.14

December 31, 1973 143 , 255.14

June 30, 1974 143 , 255.14

December 31, 1974 143 , 255.14

June 30, 1975 214 , 882.71

Dec ember 31, 1975 214 , 882. 71

June 30, 1976 214,882.71

Installment Due Date Principal Amount

June 30, 1977 $ 214,882. 71

December 31, 1977 214,882.71

June 30, 1978 286,510.28

December ＳＱ ｾ＠ 1978 286,510.28

This promissory note is payable in lawful money of the United States 0f America without deduction for or on account of any present or future ｴ｡ｸ･ｳ ｾ＠ or other charges levied or imposed on this note or the proceeds of the holder hereef 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 ､｡ｴ･ｾ＠ any

such prepayment to be applied to the remaining installments in the inver se order of their maturity.

Upon default in the prompt and full payment of any installment on this promissory ｮｯｴ･ｾ＠ the entire unpaid amount hereof shall immedia tely 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 r i ght s hereunder in any instance shall not constitute a waiver there of in that or any other instance.

GOVERNMENT OF1 INDONESIA

Signed

ｂｹｾｾｾｾＭＭｾＭＭｾｾ ｾｾｾｾ ｾｾＭ

..

Loan No.

L..72

1073

1125

1126

1147

Feff

er

and

Simons ' Insured

Export Credit

INDONESIA

SUMMARY OF :::CNSOLIDATED AMOUNT OF PRI NCIF AL AND INTEREST RESCHEDUL:i, t-QR • L: OUTSTANDING \.:ONTRACT0 BEi'"1iEE}! EXIMBA1f:{

ａｾｬｊ＠ GOV .;..,P.,.'JM!JifT OF I NDONESIA fu.'lD BANK NEGARA INDONESIA

ANNEX A

Details in

Consolidated F.mounts

Ann__ex

Pa:vment Dates

-

Principal

Bl

3/1 and 9/1

$13,878 , 969.40

B2

1/ 15

and

7/15

2,238,084

00

BJ

2/10 and 8/10

1, 913 332 .00

B4

5/31

a nd

11/30

4,426,664

00

B5

3/31

and

9/30

440,000. 00

E'6

Vari ous

...W95.522.17

Totals

ＤＲｾ＠

,

092 , 571. 57

Total

1

Consolidated llmount"

Interest

ｾＲＬＴ ＲＸ Ｎ ＸＱＹ ＮＶＶ＠

322,606.01

1 ,352 ,321.49

3,433,722.59

164,900.54

ＱＰ ｾＴ Ｘ＿ＮＷＲ＠

$7;?.!2,858.01

Total

$16,307,789.06

2,560,690.01

3,265,653.49

ＷＬＸＶＰ ＬＳ ＸＶＮｾ＠

604,900.54

ANNEX Bl

Eximbank Loan No. 472 ｾ ｖ｡ｲｩｯｵｳ＠

Contractually due for Consolidation

Date Principal Due

March 1 , 1966

1'otal arrears June 30 , 1966 September 1, 1966

March 1, 1967 September 1, 1967

Total Consolidation Period July 1, 1966 - December 31, 1967

Totals

Consolidated Amount of Principal and Interest

$3,469,742.35 $3,4692742.35 $3 , 469,742.35 3,469,742 . 35 3,469,742.35

$10,409,227.05 $13,878,969.40

Interest Due $§02,214.19 $602,214 . 19 $612,195.64 602,214 .19 612,195 .64

$1,876,605 .47 $2,428,819.66

ANNEX B2

Eximbank Loan No. 1073 (Cement Plant Expansion) Contractually due for Consolidation

Date

January 17, 1966

Total arrears June 30, 1966 July 15, 1966

January 16, 1967 July 17 , 1967

Total Consolidation Period July 1, 1966 - December 31, 1967

Totals

Consolidated Amount of Principal and Interest

Principal Due $559,521.00 $559 2521, 99 $559,521.00 559,521 .00 559 1521.00

$1,678 2563.00 $2 1238,084 .00

Interest Due

ＤｾＷＳ Ｎ ＶＶ＠

Ｄ ＸＱ ＬＹＷＳ Ｎ Ｖｾ＠

$78,888.63 81,532 . 94 80 1210.7..§

$2401632 .35 $322 1606 .01

-ANNEX B3

Eximbank Loan No. 1125 (Electric Power Plant)

Contractually due for Consolidation Date

February 10, 1966

Total arrears June 30, 1966 August 10, 1966

February 10, l'i7 August 10, 1967

Total Consolidation Period July 1, 1966 - December 31, 1967

Totals

Consolidated Amount of Principal and Interest

Princi2al Due $478,333.00 $478,333.00 $478,333.00 478,333.00 478 1333.00

$1,434 1999.00 $11913 , 332.00

Interest Due $318,431.01 $,218,431.01 $349,392 . 95 345,061 . 77 139,435.76

$1, 033 '82.Q._.48 $1,352,321 .49

ANNEX B4

Eximbank Loan No. 1126 (Fertilizer Plant) Contractually due for Consolidation

Date

May 31' 1966

Total arrears June 30, 1966

November 30 , 1966

May 31, 1967

November 30, 1967

Total Consolidation Period July 1 , 1966 - December 31, 1967

Totals

Consolidated Amount of Principal and Interest

Principal Due ＤＱ _Ｒ ＱＰＶｾＶＶＶＮＰＰ＠

$1z106 2 666 .00 $1,106,669.00 1,106,696.00 1₁106₁'9i.OO

$3,319!998.00 $4,426₂664.QQ

Interest Due

$856₂463.44 $856 z463.44 $860,654.06 855,951.03 8602654 .06

$2,577 . 259.15 $3,433₂ 722 . 59

ANNEX BS

Eximbank Loan No. 1147 (Drainage

&

Irrigation) Contractually due for Consolidation

ｾ＠

March 31, 1966

Total arrears June 30, 1966 September 30, 1966

March 31, 1967 October 2, 1967

Total Consolidated Period July 1, 196i - December ＳＱ ｾ＠ 1967

Tota ls

Consolidated Amount of Principal and Interest

Principal Due $110,000 .00 $110,000.00 $110' 000 .00 110,000 .00 1102000.00

$330,000.00 $440 2000.00

Interest Due $40,999.86 $40,999.86 $41,225 . 14 40,999.86 412675.68

$1232900.68 $164,900.54

ANNEX B6

Feffer ｾｮ､＠ Simons, Inc. Insured Book Credit - Consolidated Amount

Insured portion of exporter's credit insured by FCIA-Eximbank (95% of principal amount of

invoices insured, excluding interest) $1,195,522 . 17

Interest due Eximbank on principal amount of claims paid to Feffer and Simons by Eximbank from date of reimbursement by Eximbank through

December 31, 1967 10,487.72

ANNEX C EXIMBANK • INDONESIA

SCHEDULE OF PAYMENTS OF "CONSOLIDATED AMOUNT" AS OF 12/31/67 FOR ALL OUT-STANDING CONTRACTS BETWEEN EXIMBANK AND THE GOVERNMENT OF INDONESIA AND

THE BANK NEGARA INDONESIA

Due Dates 6/30/71 12/31/71 6/30/72 12/31/72 6/30/73 12/31/73 6/30/74 12/31/74 6/30/75 12/31/75 6/30/76 12/31/76 6/30/77 12/31/77 6/30/78 12/31/78 Totals

Payment of Ｂｃｯｮｾ＠

solidated Amount" of Principal and Interest {a)

I

$ 795,135.74 795,135.74 1,590 '271.48 1,590 , 271.48 1,590 ' 271.48 1 , 590 '271.48 1,590 ,271.48 1,590,271.48 2,385,407.22 2,385,407.22 2,385,407.22 2,385,407.22 2,385,407.22 2,385,407.22 3,180,542.95 3.180,542.95 $312805.429.58 (2)

Payment of "Con-solidation In-te:r:est" Accrued

@

3% p.a. in 1968-1970 (b) $ 71,627.57

71 , 627.57 143,255.14 143 , 255.14 143 , 255.14 143,255.14 143,255.14 143,255.14 214,882.71 214,882.71 214,882.71 214,882.71 214,882.71 214,882.71 286,510.28 286,510.29 $2,865,102.81 (a) Column 1 : Represents payments on principal of $24,092 ,5 71.57 and

interest of $7, 712 ,858 .01 , or $31, 805 ,429 .58 rtconsolidated Amount", with details as shown in Annex A and Annex Bl through Annex B6;

interest to accrue at the rate of 3 percent per annum on the out-standing balance of the "Consolidated Amount", and to be computed on the actual number of days.

(b) Column 2: Represents "Consolidation Interest" of 3% p.a. of $31,805 .429 .58 "Consolidated Amount" accrued in CY1968-1970. The aggregate accrual of $2,865,102.81 is due in semiannual payments of 2-1/2 percent in 1971 ; 5 percent each in 1972-1974 ; 7-1/2 percent each in 1975-1977; and 10 percent in 1978.

ANNEX C Page 2. ORIGINAL CONTRACTUAL PAYMENTS

Principal Outstanding Semiannual Payments

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

As of last

Consolida-Loan No. tion date Amount Dates

- -

Next Due Interest Rate '·72 9/1/67 $ 34 Ｌ Ｌ ＨＩＮＹＭ Ｌ Ｑｾ＠ ta.i3 ,..-..5,Q 3/1, 9/1 3/1/68 3- l/2%p.a .

,73 7/17/67 2,797,605.00 ＱＯＱＵＯ ｾ ＷＯＱＵ＠ 1/15/68 Ｕ ｾ ＳＯＴＥ＠ p.a . 1125 8/10/67 11,904,304.78 2/10, 11/ 30 2/J,P./68 5-3/4% p .a. 1126 11/30/67 29,854,001.68 5/31, 11/30 5/31/68 5-3/4% p.a. 1147 10/2/67 1,430,000.00 3/31, 9/30 3/31/68 5- 3/4% p.a . Feffer and

Simon's In-sured Export

Credit (c) 6/30/67 (d) (d) (d) (d)

(c) See details in Annex B6 (d) Not applicable

MENTER! KEHAKIMAN REPUBLIK INDONESIA

MEMORANDUM

D JAK ART A . --- -- ---·- 196

----OF THE MINISTER ----OF JUSTICE ----OF THE REPUBLIC ----OF INOONESIA ON THE VAUDITY AND LEGALLY BINDING OF THE AGREEMENT BET\\"'EEN THE REPUBLIK OF IN •

OONESIA AND THE EXPORT-IMPORT BANK OF

:ASHING-TON.

...---In view of the Agreement concluded on December

30,

1967

between

The Government of the RepublJ.c of Indon sia

and

The Export-Import

Bank

of

t

ashington

whereby in article 9 is provided that an opinion of counsel

ia required as regards the legal authority

0£

the Minister

of Finance of the Republic of Indoneaia who signed the

Agreement and who signed the Promissory Notes A and B

refer-red to herein and as regards the validity and legally

binding of the Agreement.

1. the Minister of Justice of the Republic of

Ind.o-ne ia do here by certify as follows

:

I. The powers vested with the President of the Republic of

Indonesia are among other things stipulated in article 4

section 1, article 11

and

article 17 of the Constitution

which read a follows :

Article 4 gection 1

The

President shall be vested with the executive power of

the Government in accordance with the Constitution.

I I .

2

-ticle 11

1th

t

ction

0£

tha

cil

of

tt

ｾ｢＠

esi nt

11

•

l .

2 .

s.

T

(:...)

(!i}

(iii)

trG

ti

T

.:ini, t

... titl.

d

t l

i tu:

h

•

of In

by

x

th

th r

17

b

their

duti

h

1

:l.:n

char

on

lead

c

nt of

t

•

r

i

nt

of

nt,

is

•

:y

!ir.ister of

:relicv

nan

t 'the

lie of Ind.on

i •

""

t

Dj

·a.rt:i,

ｆｾ＼ａＮａ

Ｇｪ＠

3.; t

y

l.

Signed

c

clu-te .

1:i-•

of

th

1xty

ight .

. ｾ＠ ﾷｾ＠ ' ;». . ...

,----

. I

'

I \ I

.

,

I

,

LEGAL OPINION

i

'

t I"\ ..

C---Pursuant to paragraph

4

f

tho Amcndatory A('l'reoment b tween the

ｾ｣ｰｵ｢ｬｩ｣＠

f

Indonesia nnd. the

Exp

rt-Icport

Bank

•f

\lnshingten datpd

the

ＧＱＮ ｾ＠

3rd day

of

November,

1952 . I

herewith render the follewing opinion •

.f Ｃ ｊ ｾ｜＠

.

I .

.,

I.

'

Tho liinister

f

Justice has horetofer rendered

a Legal

Opinion

datod the 14th

day

of September , 1951 , concerning the Agreement between

the Republic of Indonesia and. th Exp rt-Import Bank of Washington dated

the

12th

day ef January ,

1951.

Among other documents attached

t

sai d opinion wore the following :

(1)

Pr

visional Constitution of the Republic of Indonasio.

(2)

Law Ne . 8 ef the YeGir

1950

authoriizing the Minister

•f

Finance t e

contract fer a credit orxcredits with th Export-Ioport Bank of

Washington , and te concl ude. agreements relnting thorot• and t e

dele at authority a to de •

Attached hereto as Schedule

A

is a certified copy

•f

the originel

English

t

xt

of an Instrument dated

ｴｾ･＠

7th

day

of

Decombcr ,1951 ,

uhereby

tho lclinL.'.lter

f

li'inancc authorized Dr.

Ali Sastroanidjojo ,

Ambnsend r

f

the Republic

f

Indonesia t

the United Stat es , to negotiate , conclud

nd sign er dit

｡ｧｲ･･ｭ･ｮｴｾ＠

in ad<lition

t

the said

ａｧｲ･･ｾｯｮｴ＠

dated th

· _2th day

f'

Janu

ry , 1951.

Pursuant

t•

:such authority

Dr. ·Ali

Sn.stro-amidjojo xecuted said Al!lendntory Agreement

ｷＱｾｨ＠

th Expert-Import Bank

· of Washington on the 3rd

day

of

November ,

1952 •

Attached hcrot

as

Schedule B is u copy of th oric;innl

In

onesi

text of Law No . 20 of tho Year

195.3 ,

published

in

tho

Lox;ibaran

Nocara

of

the Republic of Indonesia 1953 No . 56 as issued by the President of th

Republic of Indonosi a with tha approval of Parliamont (and a certified

copy

of

an

English translation thoroof as Schedule

B- 1) .

Said Law

No . 20

ef

the Year

1953

constitutes tho

approval

f

said

:.mandatory Agrecmont dated th 3rd

day

of

i

ovcmbt. r , 1952

by

th .

ｾ＠

rliament as envisaged in Article 2 , paragraph 2

.• :

said Law

lJo.

8

f

th

./ .

2

-Attached her t

as Schedule C is a certified c

py

ef the

original text ef the authorization from tho .. linister ef l'inance te

MOEKARTO NOTO\:IDIGDO , Ambassador Extr rdinary and Plenpotentiary ef

the

Republic

of Indonesia to

th United States

of

America ,

Dr. ZAIRIN

ZAIN , Miniator

Plenipotentiary

f

the Rcpuplic ef

Indonesia

to the

United

Statea

f

America ,

and

Dr. IS?-UlEL M. THAJEB ,

Commercial Counsellor.

of th

Embassy

ef the hepublic of Indonesia to the United Stntcs ef

America , and their rospectiv successers in offic , te si a premissery

notes to be issued

under

tho agre

ｭｾｮｴ＠

dated

J

nuary 12, 1951 , and

nny

agreements amendutery thcr of, or other agreements thereafter entered

into bctwe<n,. the Republic of Indonesia and the Export-Import Bank of

1a..,hington,

and

authorizing said Ambassador or his euccesaors in office

t

act

as

the repres ntative of tho Republic ef Indonesia in

｣ｯｮｮｾ｣ｴｩｯｮ＠

with the operation ef tho credit er credits under such agre

ments.

Upon tho basis of

the

doclll:lents

ｭｾｮｴｩｯｮ･､＠

in para.graphs

l and

2 h reof , which wero

1;t

ched to said L gal Opinion dated the 14th day of

September , 1951, and

f

the said Schedules A and B attached heret , I

-ｨｾＬｺＭｾＮｾｾｾｵｺｳＬＮＬＮｭ［［［［ＬｹｾｮＺｴｑｮ＠

that tho Republic ef Indonesia has takon

all

action nccesoary under its Constitution, laws and regulations, to ratify

the contractine of the credit established by the said Amendntery

···

Agreement dated the Jrd day of November , 1952, and that sni d Amendatory

Agreement as signed on behalf of the Republic of Indonesia is legal and

binding on the Republic in accordance with its terms; and that , on

tho

basis of Schedule C attached hereto , the promiss

ry

note:5 when signed

and doliverad on behalf ef the Republic ef Indonesia

by

the Minister

of Finance , er said Ambassador or Minister •r Commercial Counsellor,

or their rcspoctive successors in office , to vidcnce advance• under

the credit established under the Agreement

f

January 12, 1951 , and

any agreements amendatory thereof , or ether agreements thereafter

cnctered into between the Republic

•f Indonesi a and the Export- Import

Bank of Washington, uill constitute valid nnd bindinc obli&µ.tions

of tho Hepublic of Indonesia in accerdanca with their term::J

0

3

-G I V E N undor my hand and soal this sixth day ef MARCH

Nineteen Hundred and FiftyfoLr ,

tt

Djakarta, Indonesia.

MU. I&TEJl OF

JUSTICE

OF THE

REPUBLIC OF INDONESIA

/a/

Dr.

DJODY GONDOKUSUMO

I,

Dr . BESAR ?M\RTOKOESOEMO

Secretary General

of the Ilinistry of Justice ef the Republic ef Indonosia , hereby certify

that the

nbov

writ ton ei&nature

is

the true

and

propor

ｨ｡ｮ､ｷｲｩｴｩｾ＠

of Dr. DJODY GOIIDOKUSUMO

Minister

f

Justice

of

the

Republic ef Indonesi ·, who is known to

Ille

officially and privately.

\1ITNESS my hand and s

al

of ef fi c this sixth

､ｾｹ＠

of ?I A R C H

,

Nineteen

Hundred

and

Fiftyfour..

For the Minister ef Justice

of

the

Hopublic of Indonesi a ,

The Secretary General

/s/

ｾ_,. ｾ ＢＺＢｉﾷＭＭＭ］ＭＭＭ

'•(

\\ _..

,

. _{_, ..} ..

-

-REPUBLIC OF INDONESIA.

ISLAND OF JAVA

ｾ＠

CITY OF DJ

.1K/1R1

1

A

EMBASSY OF THE UNITED STATES

OF AMERICA

) SS:

}

)

I, Arva

c.

Floyd , Vice Consul of the United States of America

at Djakarta , Java , Indonoiia , duly commissioned and qualifiod ,

de

hereby certify that Dr. Besar Martokoosoemo , by whom the c.nnexed

instrument was legalized , was , at the time

of

the date thereof ,

Secretary General

of

tho Hinistry of Justi ce

ef

the Republic

ef

Indonesia at Djakarta , Java, Indonesia.

IN llITNESS

\THEREOF I have hereunto set my hand and affixed

tho seal of the Embasay

ef

the United States of America at

Djakarta , Java , Indonesia , this 10th day

•f March , 1954.

/s/

Arva c . Bloyd

Vice Consul

ｾｦ＠

the United States of Americ

at Djakarta, Java , Indonosia.

Misc . Ser. No .1343·

tariff Item

Ne .

JO.

NO FEE PRESCRIBED.

FOR

ｔｈｾ＠

CONTENTS OF THE ANNE«ED DOCUMENT

THE /J'1ERICAN I:::l>IBASSY DJAKARTA

ｊａｖｾ＠

'

\

... 1.--

.

"' I

.

_\

..

,

SCHEDULE A

ＭＭＭＭＭＭＭ ＭｾＭ Ｍ

IUNISTER OF FINANCE OF THE REPUBLIC OF INDONESIA

To all tG whom these presents shall come, greeting:

KNOi/ YE , that , hav:!.Ilb

been

duly

a.uth9rized

thereunto

by Act

of

Parliamant

of

1950

November 4th no . 8 titled

"Uudang-Undang

tentann:

pindjaman Republik

Indonesia

pada

EA-port - Import Bank of \lc:.shington" , and

that

ｲ･ｰｯｳｩｾﾷ＠

special trust and confidence in the integrity

, prudence and

ability

of

Dr. ALI

SA&THOAMDJJOJO . Amba5sader

Extraordinary and

Plenipotent-iary of

ｾｨｯ＠

Republic of Indonesia to the United States of American, ! have

invested

him with full and all manner ef

polfflr

and

authority for andin the

name of the Republic of Indonesia to

meet and confer uith the duly

author-ized rcpresentutiues of the Export-Import

Bank of

Unshinr;ton , an agency

cf

the United

ｓｴ｡ｴｴｾｓ＠

of Anerica , to negotiate , conclude and sign an agreement

or u reemcnts to contract fer a credit or credits , in addition to the

credit contracted for in the agreement between the Export - Iir.port Bank of

Washington and the Republic ef Indonesia dated

January 12 , 1951 , which

credit er credits to be contracted fer ,

t•

ether with the credit

hereto-ｦｾｲ･＠

contracted in sai d agreement

•f Janaury 12 ,1951 shall not exceed

the total principal amount of One Hundred

Ild.llion Doha.rs('ir100,ooo , 000 . oo:

in the

currency

•f ｴｲｾ＠

United States , to be extonded

by

such

ｂｾｮｫ Ｌ ｷｨｩ｣ｨ＠

additional agreement or agreement s shall be transmitted to tho Parliament

of the Republic of Indonesi a for its ratification ahd which agreement or

aGrcJments

shall

come into force upon the

date ef such ratification.

Ill ·T£3TILONY ,/IIEREuf , I

have caused

my seal to be

hereunto affixed.

D 0 N E

at the City of Djakarta , this seventh day of

ｄ･｣･ｭ｢･ｾ＠

Nineteen Hundred and Fiftyone ,

Minister of Finance

of the

Hepublic of Indonesia

(Jusuf Wibisono)

I , Dr. M. BESAR MARTOKOESOEMO , Secretary

General ef

the

Ministry of Justice of ghe Hepublic of Indoneai a , hcreby certift that the

above uritten signature is the true and

proper

handwriting of Dr. JUSUF

2

-Minister of FinaI!ce of the Republic o:f Indonesia, who ia knewn

t•

Ille

officially and privately.

Witness ray hand and s ll of

ffice this seventh day of December,

ｬｾｯ ｬＮＮ＠

Fin:

the in.nister of Justice

of th

Hepublic of

Indonesia

The

Secrotary

General

(BESAR Hi ｒＧｩＧｏｋｃ［ｩＺＮｾｏｅｊｭＩ＠

---I ,

Dr.

BESAR MAR'fOKOLf,OBMO

Secretary General

of the 1' inistry of Justice of the Hepublic of Indoncsia , heroby certify that

fbo foreGoing is a true and correct copy of the original authorization.

Witness my hand and seal

•f office this sixth day

f

MARCH

Nineteen Hwidrcd and Fiftyfour.

For\;the llinistcr of

Justice

of the

Republic ef Indonesia

/s/

.

The Seer tary General

{

l

'

.

. /

\-' J

.

.._

ｾ＠

1'o

n

i f

I

ti

REPUBLIC OF INDONESIA

)

Island

eF

JAVA

)

CITY OF

ｄｊａｋａｒｾａ＠

l

SS:

EMBASSY OF THE UNITED

STATES

OF MmlICA

I , Arva C. Gleyd, Vice Consul

•f

the United Status of

America

a

a t

_{ｄｪ｡ｫ｡ｲｴ｡ Ｌ ｊ｡ｶ｡ Ｌ ｉｮ､ｯｮｾｳｩ＠}

, duly commissioned and qualified,

de

hereby certify

ｴｨｾｴ＠

Dr . Besar

ｾＱ｡ｲｴｯｫｯ･ｳｯ･ｭｯ Ｌ＠

by whom the annexed

instrument

waa

legalized, was, at the time of the date thereef ,

Secretary General of the }linistry of Justice of the Republic of

Indonesia

at

Djalwrta ,

Java , Indon.c: sia.

IN ·.ITNESS WHEREOF I have hereunto set my band and affixed

the seal ef tho Embassy of the

ｕｮｩｾ･､＠

States ef

America

at

Djakarta , Java , Indonesia , this 10th day of

March,

1954 .

Misc . Ser. l

G .

1348

Tariff Item No .

30

NO !t'EE PRRSCI

IBED .

/s/

Arva

c.

Fleyd

Vice

Consul of tho United

ｓｴ｡ｴｾｳ＠

of.

Americn

at

Djakarta ,

Juva ,

ｉｮ､ｯｮ･ｳｩ｡ ｾ＠

SCHEDULE

._)

ｍｩｬｩｌｾｊＮＧ＠

__

,i..

OF FINANCE OF THE R

PUBLIC

OF

INDONESIA ,

To all to whom these presents shall como ,

ｧｲ･･ｴｩｮｾｳ Ｚ＠

KN01i

YE, that ,

reposing

special trust

and confidence in

the

integrity ,prudence

and

ability

of HO ... KARTO

HOTOWIDIG:UO,

,\mbassader

Extra.ordinary and Plenipotentiary of

the

Republic of Indonesia to the United

States

of

America , Dr.ZAIHIN L.AIN ,Minister Plenipotentiary

of· the

Republic

of Indonesia to the United States of America , and Dr. ISMAEL M. THAJEB,

Commercial Counseller of the Embassy of the Republic or Indonesma to the

Unit d States of America, and their respective successors in effice

l .

I have invested them and each

Qf

them sinr;ly , with full and all

manner

of power and authority

fer

and in the name of tho Republic of Indonesia

te sign and deliver on behalf of the Republic ef Indonesia , promisssry notes te

evidence advances under

the credit

er

credits established

by

the

cr.reemcnt

dated

January-

12 ,1951, as amended

by

tht·

agrooment dated llovember

3 ,

1952,

beti1 ... en tha Hepublic of Indonoaia and tho

ｾＺ｣ｰｯｲｴ Ｍ ｉｵＱｰｯｲｴ＠ ｂ｡ｮｾ＠

of

1/(. ....

hington ,

ｾｮ､＠

under any other amendatory

er

ｯｴｨｾｲ＠

a,reoraents thereafter entered i nt•

betwoon the Republic

•f Indonesia anc. the Export-Import Dank ef Washin ton ,

which pr0mi ssory notes will thereupon constitute the valid and bincling

obli tions of tho Republic of Indonesi a in accordance with their terms , and

2 .

I have further invested

1

OEKARTO NOTOWIDIGDO , Ambassader

Extraordinary and Plenipotentiary ef the Ropublic of Indonesia

to the

Unj.tcd

States of

Am

rica,and hi s success•rs in •ffice,with full and all manner of

pouer

and

authority

te

act as

the

representative

0f

the

Republic of Indonesia

in

connection

with the

operation

of the credit er creditt'I provided for under

such loan

a

·i·eement er

ar.Leemonts , and

t•

deletate to any· ether person or

persons

uelected

by

him

such· power and authori ty to act as such representative

of the Republic of

ｬｮ､ｯｮｾｳｩ｡ ｯ＠

The authori zation dc..ted Au_.ust 13, 1951 heretofore

ｾｲ｡ｮ ｴ ･､＠

by

the

Minister

of

Financs of the Republic of Indonesia tie Dr . ALI

ｓａ｢ｔｒｏａｬｾｉｄｊｏｊｏ Ｌ＠

Ambassndor Extrnordinary and Planipetentiary of the Hepublic of Indonesia

t

the United i..>tates of

America ,

and ISMAEL M. THAJEB as Commercial Counsellor

to the Embassy of tho Republic of

ｉｾ､ｯｮｯｳｩ｡＠

to the United States of

ａＮｾ｣ｲｩ｣｡Ｌ＠

relating

to the signature and delivery of the promissory

notes

specified there

in, and rGlating to the representation of

the

Republic of Indonesia in connec

2

-IN TESTIMONY WHEREOF,

I have hereunte affix d my

hand and seal at the City ef Djakarta , this

fifth

day ef

M A R C H

,

Nineteen Hundred and Fiftyfour.

MI!-ISTER OF FIHAHCE

OF THE

UEPUBL IC OF

INDONI!;SI11.

/s/

Dr.

ONG ENG DIE

I ,

Dr

4

BESAR MARTOKOESOEMO

Secretary General

of' the l· inistry of Justice of the Republic

•f

Jndonesia,hercby certify that

the above written ai,nature is the true and preper

ｨ｡ｮ､ｷｲｩｴｩｲｾ＠ •f

Dr . ONG ENG DIE

Hinister ef Finance of tha Republic

of Indonesia, who is known to me officially and privately.

WITNESS

MARCH

my hand and senl •f effi co this· sixth day

, Nineteen Hundred

and Fiftyfeur ,

For the :Minister of Justice

of the

Republic ef Indonesia

The Secretary General

/s/

•f

Dr, BESAR

MARTOKO::::SOIIHO

---·

I ,

Dr. BESAH

ｾＱａｒｔｏｋｏｅｓｏｾｍｏ＠

Secretary General

of the llinistry of Justice hereby certify that. thP. fore-going is a true

and correct copy of the •ri,inal authorization.

WITNESS my hand and seal ef office this sixth day ef

MARCH

, Nineteen Hundred and Fiftyfour .

For the 1linist0r

of

Justice

Qf

the

Republic of

ｉｮ､ｯｮ･ｾｩ｡＠

The Socrctary

ｇｾｮ･ｲ｡ｬ＠

/s/

\

\

. I

REPUBLIC

OJl

INDONESIAj

ISLAND OF JAVA

CITY OF DJAKAR'f A

EMBASSY OF THE

ｭＧｾｉｔｅｄ＠

STATES

OF AifilS[CA.

) )

) SS:

ｾ＠

I , Arva

C. Floyd,

Vice Consul of tho United

States

f

America

at Djakarta, Java ,

ｉｮ､ｯｾ｣ｳｩｮ

Ｌ＠

duly commissioned and qualified, d•

hereby

certify that

Dr. Bcsnr Martokoes•emo ,

by

whom the

annexed

instrument was legalized ,was , at the time of the date thereef ,

Secreta!'y General

of

the riinistry

ef

Justice

ef

the Republic f

Indonesia at Djakarta, Java , Indonesia.

IN WITNESS WHEREOF I have hereunto set

my

hand and affixed

the seal

ef

the Embassy of the United States ef Ameri ca at

Djokarta ,

Java , Indonosia, this 10th day ef March , 1954.

/s/

Arva C.

Fleyd

Vice Censul of tho

United 3tates

ef-

Ameritari

at Djakarta , Java ,

Indonesia .

For the contents of

the annexed document

the American Embassy , Djakarta,

Java ,

Indonesia assumes

no

rospensibility.

Misc .

Ser. Ho. · 1353

Tariff Item No . JO

NO FEE PRESCRIBED .

I

,

ｾﾷＮ＠

----·-- - - - ---- - -,

-· -· C ﾷｾｯﾷ＠

\

.

•\

,,.

\

'

l'-.1 \ I

IIDfISTER OF FINANCE OF THE REPUBLIC OF nmONES!A,

To all to whom these presents shall come, greetings :

KB OW YE,

that reposing

special

trust

and

confidence

in

the

integrity, prudence and

abiltty

of

MOEKARTO BOTCMIDIGDO

Ambassador

Extraordinary and Plenipotentiary

ot

the Republic of Indonesia to the

United States of America, Dr.

ZAmm

ZAIN, Minister Plenipotentiarf of the

Republic of Indonesia to the United States

or

America, and

ｄｾＮ＠

ISMAEL

M.

THAJEB,

Commercial Counsellor

ot

the Embassy or the Republic of Indonesia

to the United States

or

America, and their respective successors

in

offioe

1.

I

have

invested

them and each of them singly, with

full

and

all

manner of power and authority for and

in

the name of the Republic or

Indonesia, to sign and deliver on behalf of the Republic of Indonesia,

prom1ssor1 notes to evidence advances under the credit or credits

establishGd by the agreement dated January

12,

1951

as amended by the

agreement dated November 3, 19,2, between the Republic

or

Indonesia and

the Export-Import Bank

or

Washington and under any other amendatol'J' or

other agreements thereafter entered :lnto between the Republic of Indonesia

and the Export-Dnport Bank

or

Washington, which promissary notes will

thereupon constitute the valid and binding obligations

or

the Republic

or

Indonesia

in

accordance with their terms, and

Ｒｾ＠

I have

further invested

MOEKABTO NOTOWIDIGDO, .lmbassador

Extraordinary and Plenipotentiary

or

the Republic of Iildonesia to the

United States of America, and his successors 1n office with full and all.

manner

ot

power and authority to act as the represental1ve

or

the Republic

of Indonesia

in

connection with the operation of the credit or credits

provided for tmder such loan agreement or agreements, and to delegate to

any

other person or persons selected by him such power and authority to

act as such representative of the Republic of Indonesia.

The authorization dated August

13,

1951 heretofore granted

by

the

Minister of

Finance

of

the Republic

,of

Indonesia to Dr. ALI SASTROA.l{IDJOJO,

Ambassador Extraordinary and Plenipotentiary

ot

the Republic of Indonesia

to the United States

or

America, and

ISMAEL

M. THAJEB as Commercial

Counsellor to the Embassy of the Republic

or

Indonesia to the United States

or

America, relating to the signature and delivery of the promissory notes

specified therein, and

relating to the representation

or

the Republic

or

Indonesia in connection with the operation

or

the credit specified therein,

shal1 cease to be effective upon the signature hereof.

2

-I

11

T E S T I M 0 N Y W H E R E 0 F , I

have

hereunto affixed

my

hand and seal at the City or Djakarta, this

f

!fth

MARCH

, Nineteen Hundred and Fiftyfour.

MINJSTER OF FINANCE

OF THE

REPUBLIC OF mDONFS IA

Dr, ONG ENG

Pm

day

or

I

Dr. BESAR MARTOKOF.sOEMO

Secretary General

of the

ｾｈＮｮｬｳｴｲｹ＠

of Justice of the Republic of Indonesia, hereby certify

that the above written signature is the true and proper handwriting of

Dr. ONG ENG D

m

Minister

of

Finanoe

of

the

Republic of Indonesia, who is lmow to me officially and privately.

WITRF.SS

my

hand and seal of office this

six

MARCH , Nineteen Hundred and Fiftyf'our.

For the Minister of Justice

or

the

Republic of Indonesia,

The

Secretary General

Dr. BESAR

MARTOKOESOEMO

I

\

'

\

\ J

t

REPUBLIC OF mDONFS

TA,

·, _.J:sLAND OF JAVA,

) }

)

SS

t

'CITY OF DJAKARTA,

EMBASSY OF THE UNITED STATES

OF AMmRICA.

) )

I,

Arva

c.

Floyd, Vice Consul of the United StHtes

of

America

at Djakarta, Java, Indonesia, duly

comm1ss1oned

and

qualified,

do

hereby certify that Dr. Besar :Mlrtokoesoemo, by whom the annexed

instrument was legalized, was, at the time of the date

thereor,

Secretary General of the

llinistry

of Justice of the Republic of

Indonesia at Djakarta, Java, Indonesia.

m

WITNESS WHEREOF I have hereunto set

my

hand and affixed

the seal of the Embassy

or

the united States of America at

Djakarta,

Java,

Indonesia, th1s 10th day of J.brch,

i95'1t.

Misc, S r. o.

1358

Tariff Item Bo.

30.

NO FEE .PBFBCRIBED.

Arva C.

Floyd

Vice Consul of the United States of A

erlca

at Djakarta, Java, Indonesia.