Page:United States Statutes at Large Volume 30.djvu/1648

 C ON VENTI ON S. Omwentiem for the exchange ofmoney orders between the United States of America and Egypt. ARTICLE I. There shall be a regular exchange of money orders r§¤°**¤ggg °* ¤¤°¤;¥ between the United States of America and Egypt. iziniiiii saga xiii gypt. ARTICLE II. The amounts of orders in both directions shall be U£’,°§°S§j,¥;8”;l“jj¤‘“ expressed in United States money, and shall be converted into their y' proper equivalents by the Post-Oiiice Department of Egypt; that is to say, the sums received by the Post-Oiiice Department of Egypt 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 Egypt shall in like manner be rendered by the P0st—OH:ice Department of Egypt into the currency of Egypt, at the current rate of exchange on the day of the arrival of the exchange list at Alexandria. ARTICLE III. The maximum amount for which a money order may be Maximum amount. drawn in either country upon the other shall be $100. No money order shall contain the fractional part of a cent. ARTICLE IV. The amounts of money orders shall be deposited by P¤ym¤¤¤ in legal the remitters and paid to the payees 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 currency 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. ARl`ICLE V. The Post-Oflice Department of Egypt and the Post- kms of ¤¤¤>¤¤i¤· Otlice Department of the United States shall each have the power to °i°"' tix, 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·OfIice Department of Egypt shall pay to the Post-Office Department of the United States one·half of one per cent on the amount of money orders issued in Egypt and payable in the United States, and the Post—Ofiice Department of the United States shall make a like payment to the Post¤Office Department of Egypt for money orders issued in the United States and payable in Egypt. ‘ Al€T[(}LE VI. No money order shall be issued unless the applicant Names. furnish in full the surname and at least the initial of one given name, both of the remitter and payee, or of the name of the firm or company who are the remitters or payees, together with the address of the remitter and that of the payee. lf, 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. ARTICLE VII. The service of the postal money—order system between Olives or exchange. the two countries shall be performed exclusively by the agency of the 1613