Show I Europe ur 9 Mo I I ITH the war a word alm almost WITH sl unknown unknown un un- I 1 known to the general public came Into common use Moratorium use This means a legal delay in the settlement sot sot- of obligations Ev Every country in Europe except Spain resort resorted ed to extraordinary measures to r regulate the settlement of private liabilities I contracted before the outbreak of the conflict Some of these measures are I still in force forc others expired by their own limitation No moratorium so-called so was en enacted enacted en- en acted In Holland but the courts were authorized to grant respite in the case of ot claims arising prior to 10 July 24 1914 Germany Portugal Denmark and Roumania declared moratoria for debts due to creditors abroad but not for domestic obligations Germany also grant granted d further respite In the war zone provinces for negotiable paper Courts were empowered to grant other delays at discretion and firms In difficulties due to th the war were aided by official supervision Gre Great t Britain Italy Norway and Luxembourg also declared certain domestic domestic domestic do do- moratoria which have expired Sweden and Switzerland declared In International International international In- In moratoria which are still In force but extraordinary measures I for tor the protection of ot debtors at home were Vere allowed to lapse The The Austrian moratorium provided for the gradual i reduction of debts by partial payments so that de debts ts falling due prior to the end of October 1914 sho should ld be paid in Jn full by May 31 1915 and debts due by Nov 30 1914 reduced reduced reduced re re- re- re by one half No payments were required in the Austrian war zone zone zone- Galicia Bukovina and parts of ot I Herzegovina Her Herzegovina Her Her- er- er and Bosnia Hungary's moratorium ended on July 31 last debts falling due after that date to tobe tobe tobe be paid as usual and debts covered by the moratorium moratorium to be paid by further further further fur fur- fur fur- ther Instalments Turkeys Turkey's moratorium provided for tor debts prior to the war war and ended on July 13 It provided by Instalment payment of obligations at tho the rate of ot 5 G j per cent a month In Franco thc decroo o providing for prescriptions and the suspension of all commercial or r administrative ad- ad d limitations in civil and of all time Ume matters serving executing limits allowed for against the decisions ot of or appealing In force until courts Is t to o remain hostilities in favor t the e cessation of of with the colors or serving of citizens eleven departments In Inor inor residing in the meas- meas or near the war warzone zone Special passed to regulate the payment payment pay pay- urea w were re debts stock exchange ment of or rents and of insurance companies com corn panics Corporations departments and municipalities were granted an indefinite postponement of the payment payment payment pay pay- dividends dividends divi divi- ment of obligations Interest or before April 1 1915 4 due In Belgium both tho the Government nt nl Havre and the tho German military have Instituted torla |