<?xml version="1.0" encoding="UTF-8"?>
<Law Era="Showa" Lang="en" LawType="Act" Num="114" PromulgateDay="28" PromulgateMonth="5" Year="24">
  <PromulgateBody>
    <PromulgateStatement>I hereby promulgate the Law concerning Government Investment, etc. to the Reconversion Finance Bank.</PromulgateStatement>
    <ImperialSignature>Signed:HIROHITO, Seal of the Emperor</ImperialSignature>
    <PromulgateDate>This twenty-eighth day of the fifth month of the twenty-fourth year of Showa (May 28, 1949)</PromulgateDate>
    <Signature>
      <MinisterialTitle>Prime Minister</MinisterialTitle>
      <Name>YOSHIDA Shigeru</Name>
    </Signature>
  </PromulgateBody>
  <LawNum>Law No.114</LawNum>
  <LawBody>
    <LawTitle>Law concerning Government Investment, etc. to the Reconversion Finance Bank</LawTitle>
    <MainProvision>
      <Article Num="1">
        <ArticleCaption>(Grant of Registered National Bonds to the Reconversion Finance Bank)</ArticleCaption>
        <ArticleTitle>Article 1.</ArticleTitle>
        <Paragraph Num="1">
          <ParagraphNum/>
          <ParagraphSentence>
            <Sentence Function="main" Num="1">The Government shall be authorized to make investment under the provision of Article 4 paragraph 1 of Reconversion Finance Bank Law (Law No.34 of 1946) in the from of registered national bonds;provided, that the amount shall not exceed 62,467,000,000 yen.</Sentence>
          </ParagraphSentence>
        </Paragraph>
        <Paragraph Num="2">
          <ParagraphNum>2</ParagraphNum>
          <ParagraphSentence>
            <Sentence>The delivered price, term of redemption and interest of registered national bonds to be granted for investment in accordance with the provision of the preceding paragraph shall be as follows:</Sentence>
          </ParagraphSentence>
          <Item Num="1">
            <ItemTitle>(1)</ItemTitle>
            <ItemSentence>
              <Column Num="1">
                <Sentence>Delivered price</Sentence>
              </Column>
              <Column Num="2">
                <Sentence>100 yen to face value of 100 yen;</Sentence>
              </Column>
            </ItemSentence>
          </Item>
          <Item Num="2">
            <ItemTitle>(2)</ItemTitle>
            <ItemSentence>
              <Column Num="1">
                <Sentence>Term of redemption</Sentence>
              </Column>
              <Column Num="2">
                <Sentence>10 years;</Sentence>
              </Column>
            </ItemSentence>
          </Item>
          <Item Num="3">
            <ItemTitle>(3)</ItemTitle>
            <ItemSentence>
              <Column Num="1">
                <Sentence>Interest</Sentence>
              </Column>
              <Column Num="2">
                <Sentence>5.5% per annum</Sentence>
              </Column>
            </ItemSentence>
          </Item>
        </Paragraph>
        <Paragraph Num="3">
          <ParagraphNum>3</ParagraphNum>
          <ParagraphSentence>
            <Sentence>The Government may issue national bonds in the fiscal year 1949-50 within the amount necessary for the investment referred to in paragraph 1.</Sentence>
          </ParagraphSentence>
        </Paragraph>
      </Article>
      <Article Num="2">
        <ArticleCaption>(Payment into the Treasury of the surplus of the Reconversion Finance Bank)</ArticleCaption>
        <ArticleTitle>Article 2.</ArticleTitle>
        <Paragraph Num="1">
          <ParagraphNum/>
          <ParagraphSentence>
            <Sentence Function="main" Num="1">The Reconversion Finance Bank shall pay the surplus for each business year to the Treasury in the fiscal year when the said surplus accrued, regardless of the provision of Article 27 of the Reconversion Finance Bank Law;provided, that when the budgetary amount concerning the payment is not sufficient to the amount of payment concerned, for the fiscal year 1949-50 only, the said shortage shall be paid until the fiscal year after next.</Sentence>
          </ParagraphSentence>
        </Paragraph>
        <Paragraph Num="2">
          <ParagraphNum>2</ParagraphNum>
          <ParagraphSentence>
            <Sentence>The procedure concerning the calculation and payment of the surplus referred to in the preceding paragraph shall be prescribed by Cabinet Order.</Sentence>
          </ParagraphSentence>
        </Paragraph>
      </Article>
    </MainProvision>
    <SupplProvision>
      <SupplProvisionLabel>Supplementary Provision:</SupplProvisionLabel>
      <Paragraph Num="1">
        <ParagraphNum/>
        <ParagraphSentence>
          <Sentence>This Law shall come into force as from the day of its promulgation.</Sentence>
        </ParagraphSentence>
      </Paragraph>
    </SupplProvision>
  </LawBody>
  <Signatures>
    <Signature>
      <MinisterialTitle>Minister of Finance</MinisterialTitle>
      <Name>IKEDA Hayato</Name>
    </Signature>
    <Signature>
      <MinisterialTitle>Prime Minister</MinisterialTitle>
      <Name>YOSHIDA Shigeru</Name>
    </Signature>
  </Signatures>
</Law>