Page:United States Statutes at Large Volume 62 Part 3.djvu/774

 3388 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. national Bureau, or of the invitation to pay sent by the creditor Ad- ministration to the debtor Administration when it is a question of ac- counts settled separately. That period may be extended to five months in relations between distant countries. After those periods have expired, the sums due bear interest at the rate of 5 percent a year, counting from the date of expiration of the said periods. rrearage. 7. If payment has not been effected one year after the expiration of the periods fixed by Section 6, it is permissible for the creditor Ad- ministration, in the case of sums for which the account is made up by the Inbernational Bureau, to so advise the said Bureau, which invites the debtor Administration to pay within a period which shall not ex- ceed four months. 8. If payment of the sums contemplated in Section 7 is not effected at the expiration of that new period, the International Bureau enters them in the following general annual account, to the credit of the creditor Administration. In this case, compound interest is due; i. e., the interest is added to the principal at the end of each year, until the time of payment. 9. In the event of application of the provisions of Section 8, the general annual account in question and those for the four years follow- ing, shall not, insofar as possible, contain, in the balances shown on the compensation table, any amounts to be paid by the defaulting Admin- istration to the creditor Administration concerned. TITLE VII. Various Provisions. SOLE CHAPTER. ARTICLE 164. International reply coupons. An, p. 3274. 1. International reply coupons conform to Form C 22 hereto ap- pended. They are printed, on paper having in the watermark the letters UPUin large characters, through the good offices of the Inter- national Bureau, which furnishes them to the Administrations at cost. Options. 2. Each Administration has the option: (a) Of giving the coupons a distinctive perforation which does not interfere with the reading of the text and is not of such a nature as to hinder verification of the coupons; (b) Of modifying, by hand or by means of a printing process, the selling price indicated on the coupons. Value. 3. In accounts between Administrations, the value of the coupons is calculated at the rate of 28 centimes per unit. Annual settlement. 4. Barring contrary agreement, exchanged coupons are sent an- nually, at the latest within a period of three months after the expira- tion of the year, to the Administrations which have issued them, with an indication of their total number and value on a statement in accord- Ant, p. 2 ance with Form C 23 hereto appended.

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