COMPENSATION MONEY OF GENOCIDE VICTIMS’ INHERITORS GIVEN ALREADY FOR SECOND DAY

Noyan Tapan
Armenians Today
Jan 15 2007

YEREVAN, JANUARY 15, NOYAN TAPAN – ARMENIANS TODAY. The HSBC Bank
Armenia started from January 11 payments of the compension to
inheritors of the victims of the Armenian Genocide committed in
Ottaman Turkey in early 20th century.

The New York Life Insurance American company, where once Armenian
bacome the Genocide victims were insured, gave the money.

As Radio Liberty states, 5 people got the compensation already on
January 11, other 1248 people from Yerevan and the marzes are in the
payment lists. The so called Reconciliation Fund Council entrusted this
obligation to the HSBC bank, and the radio station was informed by
the bank, the payment is carried out according to the lists affirmed
by the fund and letters certified by the fund. No payment will be
made without those letters.

"The claimants must personally present themselves. Unfortunately,
there are cases when some of them are dead and the son or daughter
wants to get the money. But in similar cases, there is a right to
give the money to them only in the case when they present a will or
licence about being the inheritor affirmed by the notary office," Suren
Zohrabian, the HSBC bank clients’ service department manager mentioned.

All the 1888 letters a part of which are repulsive are already in
the bank.

But those are gradually sent to senders for no accumulations arise
in the bank.

In words of Artak Khachatrian, the HSBC bank individual financial
services manager, the package was got 3-4 days, more than 100
letters were already sent, other 100 ones were be sent on the next
day. "We shall send 200 letters in a week. All the letters will reach
senders during 6 weeks. The money allocation may continue one-two
months. Though there is no limit of terms of the money allocation. If
the fund affirmed the beneficiary we are obliged to pay him when he
wants," he mentioned.

The New York Life Insurence company, getting 2515 applications of
victims’ insured inheritors, started payments on November 11. 3
million 674 thousand 970 dollars will be allocated in Armenia among
1253 people, 635 claims are refused. Armenians of the U.S. will get
2.7 million.

In total, the compensation process is implemented in 26 countries of
the world. About 8 million dollars are envisaged for that purpose.