GOVT PROPOSES ESTABLISHMENT OF SEIZED PROPERTY COMPENSATION FUND

ZAGREB, Dec 12 (Hina) - The Croatian government on Thursday passed a bill proposing the establishment of a fund for compensation of confiscated property. It also proposed that a deadline for adjusting laws to the Constitution, which expires on December 31, be extended for another year. The fund is to be set up in line with the law on compensation for property confiscated during Yugoslav communist rule. It will be used for payment of compensation in the form of government bonds. Under the Compensation for Seized Property Act, which is to enter into force on January 1, former owners will in principle be compensated for in cash or securities. The government has sent to parliament for urgent consideration draft amendments to the law on the salaries of judges and other judicial officials, which propose payment of a bonus for years of service. (hina) vm jn 121637 MET dec 96