Page:United States Statutes at Large Volume 60 Part 2.djvu/550

 60 STAT.] MULTILATERAL-TELECOMMUNICATIONS--DEC. 4 ,1945 (vii) These arrangements shall not involve any increase in existing terminal and transit charges. Note: Provided the charges accruing to the other interna- tional carriers are not affected, the division of the charges between an international carrier and its cor- responding domestic carrier shall be of'no concern to the other international carriers. Section 9. Division of tolls. (i) In the case of direct radiotelegraph circuits, the portion of the tolls remaining after deduction of terminal and transit charges shall be divided equally between the transmitting and receiving organisations. (ii) Reductions in payments for services over indirect routes resulting from the introduction of'reduced rates shall be borne by those concerned in the same propor- tion as the present charges are now divided. (iii) The application of paragraphs (i) and (ii) of this Sec- tion to existing contracts and the specific arrangements to give effect to them shall be considered by the parties concerned. Section 10. Currency. In view of the fact that the gold franc system of telegraph charges and accounting is unsatisfactory in present con- ditions, the fixing of tariffs and the settlement of accounts between the United States and the countries of the British Commonwealth shall be governed by the following general principles: (i) The tariffs shall be drawn up in dollars and in sterling, and the tariffs so expressed shall be approximately equivalent at $4.03 to £1. (ii) In the event of an alteration in the average of the buying and selling rates for telegraphic transfer of dollars and sterling by more than 2 per cent from $4.03 to £1, arrangements shall be made promptly, at the request of any country, for consultation on the adjustment of tariffs, which shall be drawn up in dollars and sterling and which shall be approximately equivalent at an agreed rate of exchange. (iii) In any country other than the United States and the United Kingdom, the schedule of charges in local currency for messages shall at all times be the approximate equiva- lent of the tariffs drawn up in dollars and in sterling at the average of the buying and selling rates for telegraphic transfers of the currency in terms of dollars or sterling, Minor fluctuations in the exchange rates shall not of them- selves require a modification of the schedule of charges in local currency. In fixing collection charges in its local currency, a country shall be entitled to vary the precise 1639 Reduction In pay- ment for services over indirect routes. Tarif. Request for oonrul- Charges In local currency.

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