Page:United States Statutes at Large Volume 49 Part 2.djvu/1337

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The undersigned, duly authorized by their respective Governments, have agreed as follows:

Paragraphs 3 and 4 of article 10 of the International Convention of June 7, 1905, for the creation of the International Institute of Agriculture, are replaced by the following text:

“The amount of the contribution is fixed each year as follows: The number of the units of subscription is multiplied by the number of countries in each group; the total thus calculated gives the number of units by which the total expenditure authorized by the General Assembly shall be divided, reckoned in the currency of Italy, where the Institute has its headquarters, and after deducting the receipts other than the contributions of the states; the quotient gives the amount of the unit of subscription.

“In no case shall the contribution corresponding to each unit of subscription exceed the sum of 4,000 gold francs as a maximum.

“Contributions paid after the close of the financial year shall be deducted from the expenditure of the following year.”

The present protocol shall take effect on January 1, 1927.

, April 21, 1926.