Page:United States Statutes at Large Volume 31.djvu/1924

 1872 CONVENTION——RUSSIA. FEBRUARY 1, 1899. Nd additional mx. 4. The Money Orders, and the recei ts, given upon such Orders, as well as the receipts to be delivered to dine remitters, shall not be subjected, at the expense of the remitters or payees of the amounts, to any charge or tax whatsoever, in addition to the fees to be collected by virtue of paragraphs 1 and 2, above. ARTICLE VI.- Omnm?Zssion. C<>¤¤¤¤i¤¤i¤¤— The postal administration by which the Money Orders are issued shall credit the administration of thecountry of ayment with the total amount of the Orders which it has certified to the other, in addition to • one-half of one per centum on the difference between the total amount of the Orders certified and the amount of void and repaid Orders. ARTICLE VII.——Guamn¢ee. cumnm. 1. The sums converted into Postal Money Orders are guaranteed to . the remitters until they shall have been re ularly paid to the payees, og to the representatives of the latter, or siall-- have been refunded to t e remitters. . 2. The sums received by each administration for Postal Money Orders, the amounts of which shall not have been claimed by the persons entitled to payment before the expiration of the periods fixed by the laws or regu ations of the country of destination, become the absolute property of the administration which has issued the Orders, which (@/L?h'l»’l;S?i7'dt?:O7’L) shall take the necessary measures to provide for repay- ment of these Orders to the remitters. ARTICLE VIII.——Acc0nnts. Accounts. At the end ofeach qiuarter the Russian dpostal administration shall prepare an account of the amounts receive by the offices of the two countries and the credits to be given to each administration, as well as a statement of the Orders refunded by each administration. ARTICLE IX.—BcZance.s. nuances. 1. The postal administration of the United States shall examine this account, correct it, if necessary, and, if the balance is in favor of Russia, shall trangsmit such balance within one month, at the latest, after the recei t o ·t e account. - 2. If iihe account shows a balance to the credit of the administration of the United States, the postal administration of Russia shall transmit the amount of such balance to the former within one month, at the latest, after the receipt of notice of the acceptance or correction of the account. ..p,,ymem0:, 3. Payment of balances shall be effected in the following manner: (a) If the balance is in favor of the postal administration of Russia, the ostal administration of the United States shall deposit the amount of the balance with such (bank or) banking house at New York as may be designated by the Russian postal administration. (6) If the balance is in favor of the postal administration of the United States, the postal administration of Russia shall deposit the equivalent of the amount of the balance, converted into pounds sterling, with such (bank or) banking house in London as may be designated by the Post Office Department of the United States. (c) The conversion into ounds sterling of the amount above mentioned shall be effected on the basis that one pound sterling is equal to four dollars and eighty-seven cents ($4.87).