Page:UN Treaty Series - vol 2.pdf/20

12 The Contracting Governments shall co-operate with a view to assisting each other in keeping capital transactions within the scope of their respective policies, and in particular with a view to preventing transfers which do not serve direct and useful economic or commercial purposes.

(I) If, during the currency of this Agreement, either of the Contracting Governments adheres to a general international monetary agreement, the terms of the present Agreement shall be reviewed with a view to making any amendments that may be required.

(II) While the present Agreement continues in force, the Contracting governments shall co-operate to apply it with the necessary flexibility according to circumstances. De Nederlandsche Bank and Norges Bank, as agents of their respective Governments, will maintain contact on all technical questions arising out of the Agreement, and will collaborate closely on exchange control matters affecting the Netherlands monetary area and Norway.

(III) As opportunity offers, the Contracting Governments shall seek with the consent of the other interested parties.

a) to make Norwegian kroner at the disposal of residents of the Netherlands monetary area and florins at the disposal of residents of Norway available for making payments of a current nature to residents of countries outside the Netherlands monetary area and Norway, and

b) to enable residents of countries outside the Netherlands monetary area and Norway to use florins at their disposal to make payments of a current nature to residents of Norway and to use Norwegian kroner at their disposal to make payments of a current nature to residents of the Netherlands monetary area.

(IV) Notwithstanding that each of the Contracting Governments shall be alone responsible for its monetary relations with third parties, they shall maintain contact wherever the monetary relations of the one affects the interests of the other.