Page:United States Statutes at Large Volume 30.djvu/1642

 CONVENTION-HONDURAS. JULY 16, 1896. 1607 Convention for the exchange of money orders between the United States of g“{*°f€-l15g,?- America and the Republic of Honduras. ———`L};4. Anrrcrn I. There shall be a regular exchange of money orders §¤=h¤¤s<><>f¤·¤¤·>y between the United States of America and the Republic of Honduras. °r mY ART. II. The amounts of orders in both directions shall be expressed U£°,§juj‘P;fj“°" i" in United States money, and, on account of the frequent iiuctuations of y` ' the rate of exchange between the two countries, it is agreed that all amounts shall be converted into their proper equivalents, by the post office department of Honduras; that is to say, the sums received by the post-oftlce department of Honduras for orders drawn on the United States shall be converted, at the time of issue, into United States money, at the current rate of exchange, and the amounts of orders drawn in the United States on Honduras, shall, in like manner, be rendered by the post-office department of Honduras into the currency of Honduras, at the current rate of exchange on the day of the arrival on the exchange list. ABT. III. The maximum amount for which a money order may be M“**'““'”“m°“”*· drawn in either country upon the other shall be $100. _ ART. IV. No money order shall contain a fractional part of a cent. I"“‘°*‘°“"· _ ART. V. The amounts of money orders shall be deposited by the mlffjymjg "' 1**** remitters and paid to the payee in gold coin, or in any other legal ` money of the same current value. However, in case there should be in circulation in either country a paper money of legal tender, but of less value than gold, the administration of that country shall have the right to receive and employ the same in its relations with the public, taking into account the difference in value. ART. VI. The Post-Office Department of Honduras and the Post- s,,§j*°°¤ °f °°¤““*¤· Oiiice Department of the United States shall each have the power to ` fix, from time to time, the rates of commission to be charged on all money orders they may respectively issue. This commission shall belong to the issuing postal administration, but the post-office department of Honduras shall pay to the Post-Otlice Department of the United States one-half of 1 per cent on the amount of money orders issued in Honduras and payable in the United States, and the Post· Oliice I)epartment of the United States shall make a like payment to the post-office department of Honduras for money orders issued in the United States and payable in Honduras. ART. VII. No money order shall be issued nnless the applicant_fur· N¤¤¤¤¤· nish, in full, the surname, and at least the initial of one given name, both of the remitter and the payee, or the name of the tirm or company who are the remitters or payees, together with the address of the remitter and that of payee. It', however, any applicant for a money order shall tender the name of either the remitter or payee at greater length, such particulars shall be received and entered in the list. A RT. VIII. The service of the postal money·order system between 0¤i¤<=¤ ¤f¤¤=h=~¤:;¤· the two countries shall be performed exclusively by the agency of the offices of exchange. On the part of Honduras, the office of exchange shall be Tegucigalpa, and on the part of the United States, N ew York N. Y. ART. IX. The particulars of all money orders drawn in the United L“‘°· States upon Honduras shall be entered at the exchange office, New York, in a list similar to the form marked A (in the Appendix) in which P°"· P·1“°·