DEUDAS DE LA REPUBLICA may become payable after the maturity of this Bond, such interest instalments shall be paid only upon presentation and surrender of the interest coupons hereto annexed'as they severally mature. Such principal sum and interest instalments, when respectively due, will be paid, at the option of the holder, either at the principal office of The Chase National Bank of the City of New York, in the Borough of Manhattan, City and State of New York, United States of America, or at.the branch office of said Bank in the City of Havana, Republic of Cuba, in gold coin of or equivalent to the present standard of weight and fineness of United States of America gold coin, without deduction for and free from every kind of Cuban taxes (whether imposed by the Republic or any Province or Municipality thereof) now in effect or hereafter authorized. This Bond is one of the issue of Public Works 5%/2% Sinking Fund Gold Bonds of the Republic, limited to the aggregate principal amount of Eighty Millions Dollars ($80.000.000) at any one time outstanding, all issued or to be issued under and equally secured by the Agreement dated the 26th day of February, 1930, made by and between the Republic and The Chase National Bank of the City of New York (herinafeter called the Bank) under the authority of the Constitution and Laws of the Republic for financing the construction of public works as authorized by the Public Works of July 15, 1925, as amended, to which Agreement reference is hereby made for a more complete statement of the nature and extent of the security for the Bonds and the rights of the holders of the Bonds and said Bank in respect thereof. This and the other Bonds of said issue, in accordance with said Agreement, represent and constitute the irrevocable and incontestable contract obligations of the Republic to pay the principal thereof and the interest thereon, when due, without right of reduction or counterclaim, for the payment of which in full the Republic pledges its faith and credit. The Bonds of this issue are subject to redemption as an entirety at any time at one hundred and five per centum (105%) of the principal amount thereof and accrued interest on not less than sixty (60) 'days prior notice given as provided in said Agreement by publication in a daily newspaper of general circulation printed in English and published in the Borough of Manhattan, City of New York, City of New York, State of New York, United States of America, and in a similar newspaper printed in Spanish and published in the City of Havana, Republic of Cuba. The Bonds are also subject to redeinption and retirement through the operation of the Sinking Fund on not less than thirty (30) days prior notice given by publication in like manner, as is also provided in said Agreement. As a Sinking Fund for the retirement of the Bonds, the Republic will pay to the Bank, at the branch office of the Bank, in the City of Havana, Republic of Cuba, in gold coin of or equivalent to the standard above specified, on December 31, 1935, and on June 30 and