Page:United States Statutes at Large Volume 59 Part 2.djvu/245

 TREATIES administrative assistance in the case of income and other taxes, the undersigned Plenipotentiaries have agreed that the following provisions shall form an integral part of the Convention: I. The present Convention is con- cluded with reference to American and French law in force on the day of its signature. Oonsltation. Accordingly, if these laws are appreciably modified the compe- tent authorities of the two States will consult together. II. Bea poperty. The income from real property Ae, p.85. referred to in Article 2 of the present Convention shall include profits from the sale or exchange of the said property, but shall not include interest on mortgages or obligations secured by the said property. III. As used in this Convention: The term "permanent estab- lishment" includes branches, mines and oil wells, planta- tions, factories, workshops, stores, purchasing and selling and other offices, agencies, warehouses, and other fixed places of business but does not include a subsidiary corpora- tion. When an enterprise of one of the contracting States carries on business in the other State through an employee or agent, established there, who has gen- eral authority to negotiate and conclude contracts or has a stock of merchandise fran d'assistance administrative r6ci- proque en matiere d'imp6ts sur le revenu et autres imp6ts, les Pleni- potentiaires soussignes ont fait la declaration concordante suivante qui forme partie int6grante de la Convention nmme: I. La pr6sente Convention est conclue en 1'6tat des legislations frangaise et am6ricaine A la date de la signature. Par suite, si ces legislations venaient a Atre sensiblement modi- fi6es, les autorites fiscales comp6- tentes des deux Etats se concerte- raient. II. Les revenus des biens immo- biliers vises A l'article 2 de la preseate Convention comprennent les b6enfices provenant de la vente ou de l'echange desdits biens mais ne comprennent pas les int6r8ts sur hypothtques ou obligations garan- ties par les memes biens. III. Pour l'application de la presente Convention: (a) Le terme "etablissement sta- ble" ddsigne les succursales, exploitations minihees et pe- troliferes, plantations, fabri- ques, ateliers, magasins, bu- reaux, comptoirs d'achat et de vente, agences, dAp6ts et au- tres centres fixes d'affaires mais ne comprend pas les societes filiales. Lorsqu'une entreprise de lun des Etats contractants fait des affaires dans l'autre Etat par l'entremise d'un em- ploy6 ou agent y etabli qui eat investi des pouvoirs nces saires pour la ngooiatio etla odes eontrat ou qui 910 [59 STAT. --P11 11 t 1"b
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