Page:United States Statutes at Large Volume 31.djvu/1902

 1850 CONVENTlON——MEXICO. SEPTEMBER 2, 1899. S€P‘°¤“’°’ 2·18"°· · Convention for the emc/iange of Jlfoney Orders between the Post Ojce S"P‘°mb°’ 2°·1899· Dqaartmentff the United States of America and thepostat admmistration of J eacico. JXRTICLE 1.-—Erc}iange. gxchansoofmousy There shall be a regular exchange of Money Orders between the °r m' United States of America and Mexico. AXRTICLE 2.———Cbncersion. {ro ba expressui in 1. The amounts of Orders issued either in Mexico or in the United gtlélted Sums m°“°Y’ States shall be expressed in money of the United States; and, in view of the frequent fluctuation of exchange between the two countries, it is agreed that the amount of each Money Order shall be converted into the proper equivalent by the Mexican postal administration; that is to say: the amounts received by the Mexican postal administration for Money Orders payable in the United States shall be converted into the money of the United States at the rate of exchange current at the time of issue, in the City of Mexico, and the amounts of Money Orders issued in the United States on Mexico shall be converted in like manner by the Mexican postal administration into Mexican money at the rate of exchange current at the City of Mexico on the day on which the Exchange OfHce designated by Mexico receives the list referred to in Article 9 of this Convention. 2. The postal administration of Mexico may, however, modify, when it deems it advisable, the mode of procedure indicated in the preceding pyaragra h for the conversion of the Orders issued in Mexico on the nited {States, in such wise that the amount of such Orders shall be expressed in Mexican money at the time of their issue in Mexico, and the conversion into the money of the United States shall be made by the Exchange Office designated by Mexico, at the rate of exchange current there on the day on which the list of such Orders is dispatched to the Exchange Office of the United States. In order to adopt this modiiication it will be necessary for the postal administration of Mexico to notify the Post Office Department of the United States six months in advance. (i See note.) ARTICLE 3.—rl[a.rimu2n amount. Maximum amouur- 1. The maximum amount for which a Money Order may be drawn in either country upon the other shall be one hundred dollars, or the equivalent in Mexican money. Fractions. 2. No Money Order shall contain a fractional part of a cent or of a centavo. ·
 * XRTICLE 4. — Currency.

Pasmonr in iszai 1. The amounts of Money Orders shall be deposited by the remitters “‘°“y· °“" and paid to the payees in gold coin or in any other legal money of the same Cl11‘1‘8Ilt» value. 2. However, in case there should be in circulation in either country 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 of value. ·` ARTICLE 5.—Fees. isaac The Post Office De artment of Mexico and the Post Office Department of the United Slates shall each have power to iix, from time to