Foreign Claims (Hungary) Settlement Regulations (SOR/70-527)

2 In these Regulations,

Agreement

Agreement means the Agreement between the Government of Canada and the Government of the Hungarian People’s Republic relating to the Settlement of Financial Matters, signed at Budapest, June 1, 1970; (Accord)

Canadian citizen

Canadian citizen has the same meaning as in Article III of the Agreement; (citoyen canadien)

Chief Commissioner

Chief Commissioner means the Chief Commissioner of the Commission; (commissaire en chef)

claim

claim means a claim by a Canadian citizen or the Canadian Government against the Government of the Hungarian People’s Republic or against a Hungarian citizen in respect of any of the following matters:

• (a) property, rights and interests, whether legally or beneficially owned, including debts, other than bonded debts, affected directly or indirectly by Hungarian measures of nationalization, expropriation, state administration of other similar measures arising out of structural changes in the Hungarian economy and regulations made or administrative action taken thereunder that have taken in effect before the date of the Agreement;

• (b) debts arising out of contracts of insurance concluded on or before December 7, 1941, that are due from Hungarian citizens;

• (c) shares in Hungarian banking companies affected by the Hungarian Law No. XXX of December 1, 1947, being shares that, from the date of that Law to the date of the Agreement, have been continuously owned by Canadian citizens;

• (d) obligations arising out of Articles 24 and 26 of the Treaty of Peace with Hungary of February 10, 1947; and

• (e) obligations arising out of Articles 231 and 232 of the Treaty of Trianon of June 4, 1920; (réclamation)

Commission

Commission means the Foreign Claims Commission established by Order in Council P.C. 1970-2077 of 8th December, 1970; (Commission)

Fund

Fund means the special account known as the Foreign Claims Fund established in the Consolidated Revenue Fund by the Minister of Finance pursuant to Vote 22a of Appropriation Act No. 9, 1966; (Caisse)

Hungarian citizen

Hungarian citizen has the same meaning as in Article III of the Agreement; and (citoyen hongrois)

Minister

Minister means the Secretary of State for External Affairs. (Ministre)