Page:United States Statutes at Large Volume 61 Part 4.djvu/920

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. Amendments. Ante, pp. 4253,4260, 4261. Conversion into cur- rency. Ante, p. 4253. Balances. Ante, p. 4260. Payments. Ante, pp. 4261,4260. Pursuant to authority vested in them, the Postmaster General of the United States of America and the Director of Posts and Telecom- munications of the Republic of Lebanon have agreed upon the follow- ing amendments to the Convention for the exchange of international money orders between the two countries. These amendments will become effective when signed and will supersede ARTICLE IV, ARTICLE XX, (Par. c) and ARTICLE XXII, (Par. 2). ARTICLE IV. The amount of money orders exchanged in both directions will be expressed in American currency. The exchange office at Beyrouth will convert the amount of the money orders issued in Lebanon into United States dollars and the amount of the money orders issued in the United States of America, into Lebanon currency. The rate of conversion shall approximate as closely as possible the buying and selling rate of the United States dollar fixed by the Official Bank at Beyrouth. The Postal Administration of Lebanon will duly notify the Postal Administration of the United States of the conversion rates used for orders going in both directions. ARTICLE XX. Par. (c). For the establishment of this balance the credit of the Lebanese Republic, expressed in Lebanese pounds, will beconverted into United States dollars by using for the basis of conversion the average official rate of exchange in the United States of America, during the period to which the account relates. The differences established will be carried over to the next quarterly account to follow. ARTICLE XXII. Par. (2). The payments provided in this Article and in Article XXI, will be effected by means of drafts drawn on New York in United States dollars. In witness whereof the Undersigned have signed these Amendments to the Convention and have affixed their seals. 4270

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