AMENDMENTS



  When exchanging Italian and occupation lire into Trieste currency
the Free City of Trieste shall take into account the dinar-lira rate
prevailing at the time of exchange.
  After the exchange has been made the Italian Bank of Issue shall
pay into the issuing institution of the Free City of Trieste in propor-
tion to the Italian lire and Allied military currency exchanged, a
proportion of its reserves, bill holdings and other assets proportional
to the currency exchanged. In transferring these assets, priority will
be given to those of juridical or natural persons residing on the ter-
ritory of the Free City of Trieste.
  3. The Free City of Trieste will not participate in the payment of
the Italian national debt of a date prior to 1st December, 1938 nor in
the payment of the Italian national debt of a date later than 1st
May, 1945.
  The Free City of Trieste will be responsible for other Italian public
debts to the amount represented by the ratio between the population of
its territory and the total population of Italy at the time of the last
official Italian pre-war census. To pay this debt the Free City of
Trieste will convert Italian bonds into its own bonds up to the
amount of the sum in question. Trieste nationals and juridical persons
belonging to the Free City of Trieste will have prior rights to partici-
pate in this conversion in respect of bonds which they can prove were
equitably and properly acquired.
  4. Within a year from the entry into force of the present Treaty,
Italy will hand over to the Free City of Trieste, along with the
relevant deeds and documents, and computed at the de JZre or de facto
assessment adopted in Italy, the reserve capital and all actuarial re-
serves and capitalisation premiums corresponding to the liabilities
assumed by the Free City of Trieste in respect of persons entitled in
its territory to social insurance benefit for disablement, work, old
age, accidents or death. Within a year from the entry into force of
the present Treaty Italy will hand over to the Free City of Trieste
the proportion of the assets of Italian sick insurance funds due to the
territory of the Free City of Trieste on the basis of the ratio between
the number of insured persons in its territory and the total number of
insured persons in Italy in 1938.
  Within one year 'Italy will hand over to the Free City of Trieste to-
gether with the revalued deeds and documents (the reserve funds in-
tended for paying the retirement pensions of civil servants and their
families living in Free City of Trieste Territory who become Trieste
nationals and who have acquired the right to a personal or family
pension, whether this pension has or has not already been awarded.
At the same time the Italian Government will transfer the sums paid
into pension funds by civil servants in the territory of the Free City
of Trieste but who have not yet acquired the right to a pension.



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