Article 1. In accordance with the provisions of Articles 2 to 4 inclusive or Article 9 of the Regulations concerning the Utilizations of Stocks of Surplus Materials, etc.(Prime Minister's Office Ordinance, Attorney-General's Office Ordinance, Ministry of Foreign Affairs Ordinance, Ministry of Finance Ordinance, Ministry of Education Ordinance, Ministry of Welfare Ordinance, Ministry of Agriculture and Forestry Ordinance, Ministry of Commerce and Industry Ordinance, Ministry of Transportation Ordinance, Ministry of Communications Ordinance and Ministry of Labor Ordinance No.2 of 1948;hereinafter referred to as "the Regulations" ) pursuant to the Temporary Demand aud Supply Adjustment Law (LAW No.32 of 1946), the payment of the value of unjustly possessed materials or surplus materials provided for in Article 1 of the Regulations, to be taken over by the Gavernment on the burden of Special Account concerning Special Measures for Unjustly Possessed Materials, etc, (hereinafter referred to as "the materials" ), shall be made by means of the delivery of registered national bonds;however, the same shall not be applicable in case the value is less than 1,000 yen or fractions thereof are less than 1,000 yen.

Article 2. The price at delivery, time of redemption and interest rate of registered national bonds in the case of the preceding Article shall be as follows: 1. Price at delivery: \100 per face value of\100. 2. Time of redemption: within ten years. 3. Interest rate: two percent per annum.

Article 3. Registered national bonds delivered under the present Law cannot be transferred or deposited or used as security, except in cases where persons having a pledge to the materials in question exercise such rights in accordance with the provisions of Paragraph 3 of Article 13 of the Regulations. Any act in contravention of the preceding paragraph shall be null and void. Any person cannot require the removal of registration of registered national bonds delivered under the present Law.

Article 4. The Government may issue national bonds necessary for the amount required only for the purpose in accordance with the provisions of the present Law. National bonds issued in accordance with the provision of the preceding paragraph shall be Registered National Bonds.