The portion of credit balances in excess of thirty million two hundred and fifty thousand Netherlands florins or five hundred million Belgian francs shall carry interest, prorata temporis, chargeable to the debtor country. This interest, calculated at the official rate of discount of accepted bills applied by the Bank of Issue of the debtor country, shall be applied on the last day of each calendar quarter.
Article 7
If at any time, as a result of the application of Article 3 of the present Convention, the Netherlands has a credit balance of more than one milliard Belgian francs, or if Belgium has a credit balance of more than sixty million five hundred thousand Netherlands florins, the two Governments shall consult with a view of putting an end to this disequilibrium.
Article 8
Without prejudice to the provisions of Article 11 hereafter, no guarantee in gold or other real guarantee shall be requested as security for balances resulting from the application of the present Convention, and no request for the conversion of these balances into gold or into foreign currencies shall be made.
On the other hand, the debtor country on balance shall always be entitled to make reimbursements in gold. The metal shall be accepted at the buying price of gold applied by the Bank of Issue of the creditor country.
With the consent of the creditor country, the debtor country may likewise make reimbursements by means of payments in foreign currencies at the price of purchase of the latter by the Bank of Issue of the creditor country.
It is the intention of the Netherlands and of Belgium to offer and accept payments in foreign currencies in order to rectify the disequilibriums, which may result from commercial operations between the High Contracting Parties arising from imports paid for by one of them in foreign currencies and leading to exports paid for to the other in foreign currencies.
Article 9
Should the Netherlands and Belgium decide to modify the official rate, the accounts shall be made up and cleared at the official rate in force up to that date. The amount of the final credit balance, if shown in the currency that has varied in relation to gold, shall be readjusted by the debtor country in proportion to this variation.
In calculating the final balance, account shall be taken of the amounts for which, by reason of forward exchange contracts, the Netherlands and Belgian monetary authorities are liable on the date on which the change in the rate takes place.
