1949 Short-Term Gold Bond Act (1949)
“ Article 5 Payments of principal and interest on the Bond will be paid in gold at the face value. Article 6 The interest rate of the Bond is 0.4 percent per month, and the interest will be calculated from the issue date and paid together with the principal. However, if the total amount of the gold interest is less than 5 market mace, it shall be converted to gold yuan notes at the exchange rate for overseas remittances quoted by the Central Bank on the date for commencement of payment for the period for which the lot has been drawn for payment of the principal. ”
