Page:United States Statutes at Large Volume 47 Part 2.djvu/242

 1848 CONVENTION-AMERICAN RIGHTS IN IRAQ. JAN. 9, 1930. Schedule n-Contd. WHEREAS by article 4 of the same treaty H:S Majesty the King of Iraq undertakes that he will fully consult the Hifh Commissioner on what is conducive to a sound financial and fisca policy, and will ensure the stability and good organisation of the finances of the Iraq Government so long as that Government is under financial obliga- tions to the Government of His Britannic Majesty; and WHEREAS by article 18 of the same treaty it is provided that nothing shall prevent the High Contracting Parties from reviewing from time to time the provisIOns of the separate agreement referred to above with a view to any revision which mar seem desirable in the circumstances then existing, any modifications which may be agr"ed upon by the High Contracting Parties being communicated to the Council of the League of Nations : Now THEREFORE it is agreed as follows:- ARTICLE 1. The two Governments hereby recognise the principle that the entire cost of the civil administration of Iraq shall be borne on Iraq revenues, and that the Government of Iraq shall, at the earliest possible date, accept full financial responsibility for the maintenance of internal order, and for the defence of Iraq from external aggressIOn. ARTICLE 2. Such financial assistance as may for a time be provided by the Government of His Britannic Majesty shall take the form of the maintenance in Iraq, at the expense of His Britannic Majesty's Government, of an Imperial garrISon or of local forces controlled by His Britannic Majesty's Government, but shall in no case take the form of a contribution by His Britannic Majesty's Government to the cost of the Iraq army or local forces maintained and controlled by the Government of Iraq. ARTICLE 3. The financial assistance to be provided for the aforesaid purposes shall be progressively reduced as His Britannic Majesty's Govern- ment may determine in each financial year, and shall In any case terminate within a period not exceeding four years from the date of the ratification of peace with Turkey. AIrnCLE 4. The Government of Iraq undertake to devote not less than 25 per cent. of the revenues of Iraq towards the cost of the defence and security of Iraq. For the purpose of this article the revenue of Iraq shall be regarded as the gross receipts in all cases under each head of revenue service with the exception of the commercial services, other than Posts, Telegraphs and Telephones, of which the net revenues shall be included. ARTICLE 5. His Britannic Majesty's Government agree to the transfer to the Government of Iraq, and the Government of Iraq agree to accept