Article 5.
De Nederlandsche Bank shall have the right at any time to invest all or part of the Norwegian kroner balances in excess of 5 million Norwegian kroner held by that Bank in Norwegian Treasury Bills at the current rate of discount.
Norges Bank shall have the right at any time to invest all or part of the florin balances in excess of 2.67 million florins held by that Bank in Netherlands Treasury Bills at the current rate of discount.
Article 6.
The Royal Netherlands Government shall not restrict the availability of florins at the disposal of residents of Norway for making—
a) transfers to other residents of Norway;
b) payments to residents of the Netherlands monetary area; or
c) transfers to residents of countries outside Norway and the Netherlands monetary area to the extent to which these may be authorized by the Royal Netherlands Government under the arrangements contemplated in Article 9 (III) hereof.
The Royal Norwegian Government shall not restrict the availability of Norwegian kroner at the disposal of residents of the Netherlands monetary area for making—
a) transfers to other residents of the Netherlands monetary area;
b) payments to residents of Norway; or
c) transfers to residents of countries outside the Netherlands monetary area and Norway to the extent to which these may be authorized by the Royal Norwegian Government under the arrangements contemplated in Article 9 (III) hereof.
Article 7.
If the rate of exchange between the Netherlands florin and the Norwegian krone is varied, the balances shall be compensated on the date of that modification at the rate of exchange previously in force.
If the resulting net balance is expressed in that currency the value of which has been reduced in relation to the other currency, the balance shall be readjusted by the debtor country in relation to the reduction of the value of its currency.
No. 17
