Page:United States Statutes at Large Volume 46 Part 2.djvu/1247

 SMUGGLING CONVENTION-CHILE. MAY 27,1930. 2855 Permanent Court of Arbitration at The Hague described in the Convention for the pacific settle- ment of international disputes, concluded at The Hague, October 18, 1907. The arbitral tribunal shall be constituted in accordance with Article 87 (Chapter IV) and with Article 59 (Chapter III) of the said Convention. The proceed- ings shall be regulated by so much of Chapter IV of the said Con- vention and of Chapter III thereof (special regard being had for Articles 70 and 74, but excepting Articles 53 and 54) as the tribunal may consider to be applicable and to be consistent with the provi- sions of this agreement. All sums of money which may be awarded by the tribunal on account of any claim shall be paid within eighteen months after the date of the final award without interest and with- out deduction, save as hereafter specified. Each Government shall bear its own expenses. The ex- penses of the tribunal shall be defrayed by a ratable deduction from the amount of the sums awarded by it, at a rate of five per cent on such sums, or at such lower rate as may be agreed upon between the two Governments; the deficiency, if any, shall be de- frayed in equal moieties by the two Governments. ARTICLE V This Convention shall be sub- ject to ratification and shall re- main in force for a period of one year from the date of the exchange of ratifications. Three months before the expi- ration of the said period of one year, either of the High Con- tracting Parties may give notice of its desire to propose modifi- cations in the terms of the Con- vention. If such modifications have not been agreed upon before the ex- piration of the term of one year mentioned above, the Conven- tion shall lapse. ci6n sera referida al Tribunal Permanente de Arbitraje de La Haya creado por la Convenci6n Vol. 36, p. 2221. para el Arreglo Pa.cifico de las Disputas Internacionales firmada en La Haya, el 18 de Octubre de Vol. 36, pp. 2ZJ:1, 1907. El Tribunal de Arbitraje 2228. se constituira de acuerdo con el Articulo 87 (Capitulo IV) y con el Articulo 59 (Capitulo III) de dicha convenci6n. El procedi- miento se regulara por las dispo- siciones del Capitulo IV de dicha Convenci6n y del Capitulo III de la misma (teniendose especial- mente en cuenta los articulos 70 y 74 Y exceptuando los articulos 53 y 54) que el Tribunal considere Payment of awards. aplicables y que sean compatibles con las disposiciones de este Convenio. Las sumas de dinero que se manden pagar por el Tribunal a causa de cualquiera reclamaci6n, seran pagadas dentro de los 18 meses siguientes a la fecha del Expenses. laudo final, sin interes ni deduc- ciones, salvo en 10 que mas ade- lante se especifica. Cada Gobierno sufragara sus propios gastos. Los gastos del Tribunal seran sufragados por una deducci6n proporcional del importe de las sumas adjudicadas por el, a raz6n del 5 por ciento de dichas sumas, 0 a un tipo mas bajo, segUn se convenga ertre los dos Gobiernos; el deficit, si 10 hubiere, se sufragara por partes iguales por los dos Goblernos. ARTfCULO V Este Convenio sera sUJ'eto a. Excbange of ~atifiC8' • tlOns and duratIOn. ratificaC16n y permanecera en vigor durante un ano a contar de la fecha del canje de Jas ratifi- caciones. Tres meses antes del venC'i- N«?tice. of proposed modIfications. miento de dicho plazo de un ano, cualquiera de las Altas Partes Contratantes podra dar aviso de su intenci6n de proponer modifi- caciones a los terminos del Con- vemo. S·d'h d'fi' COD\'ention to lapse 1 lC as mo 1 caclOnes no se if modifications not acordaren antes del vencimiento agreed upon. del plazo de un ano arriba men- cionado, el Convenio caducara.