TNAG-0626-FCO40-774-Representation-of-United-Nations-Economic-and-Social-Commiss-1977 — Page 34

APPENDIX

Concerning immunities, privileges and facilities accorded to the Asian

Reinsurance Corporation by the Host Country

The Government of Thailand, Host Country of the Asian Reinsurance

Corporation, agrees to grant to the Corporation in addition to the immunities

and privileges accorded to it by the Governments of all member countries as

enumerated in annex B to the present Agreement, the following facilities:

Exemption from taxation

1.

The Corporation, its assets, property, premium income, profit, balances

and dividend, shall be exempt from all taxation and from all duties.

2.

No tax shall be levied on or in respect of salaries, emoluments paid

by the Corporation to the Chairman, Vice-Chairman, officers, employees and

consultants of the Corporation.

Other facilities

1.

Adequate office premises free of charge to serve as the head office of

the Corporation, until the latter acquires its own premises.

-2.

A site in Bangkok, adequately located and free of charge, where the

Corporation could build its head office.

3.

Telecommunication facilities, including post, telephones and telex systems.

Exemption from customs duties for the furniture, machinery, office

equipment and vehicles imported by the Corporation for its official use.

4.

5. Exemption from customs duties for furniture, personal belongings and

vehicles imported by professional staff members of the Corporation at the

time they are recruited to work at its head office.

6.

Facilitating adequate housing of the aforementioned staff members of

the Corporation at moderate rents.

7.

Facilitating access to adequate schooling of children of the staff

members of the Corporation, free of charge or at moderate cost.