Page:United States Statutes at Large Volume 62 Part 3.djvu/781

 62 STAT.] MULTILATERAL-UNIVERSAL POSTAL UNION-JULY 5, 1947 ARTICLE 178. Preparationof accounts. 1. When the individual accounts have been examined and agreed upon, the debtor Administrations transmit to the creditor Adminis- trations, for each class of operations, an acknowledgment, stated in francs and centimes, of the amount of the balance of the two detailed accounts, with indication of the subject of the credit and the period to which it relates. 2. Barring contrary agreement, an Administration which desires, for its own accounting purposes, to have general accounts, shall make them up itself, and submit them to the corresponding Administration for acceptance. 3. Administrations may agree to apply another system in their relations. 4. Each Administration addresses to the International Bureau monthly, or quarterly, if special circumstances render it desirable, a table indicating its credit resulting from the detailed accounts, as well as the total of the sums due to it by each of the contracting Adminis- trations; each credit figuring in the table shall be justified by an acknowledgment from the debtor Administration. 5. The table shall reach the International Bureau by the 19th of each month or of the first month of each quarter at the latest. Other- wise, it is included only in the settlement of the following month or quarter. 6. The International Bureau ascertains, by comparing the acknowledgments, whether the tables are correct. Notice of any necessary correction is given to the Administrations concerned. 7. The debit of each Administration to another is carried over to a recapitulatory table; the sum of the amounts entered in the various columns of the table constitutes the total debit balance of each Administration. ARTICLE 179. General balance sheet. 1. The International Bureau assembles the tables and recapitula- tions into a general balance sheet indicating: (a) The total debit and credit of each Administration; (b) The debit or credit balance of each Administration; (c) The sums to be paid by the debtor Administrations, and the distribution of those sums among the creditor Administrations. 2. As far as possible, it sees that each Administration does not have to make more than one or two separate payments in order to settle its obligations. 3. However, an Administration which habitually finds a sum ex- ceeding 50,000 francs due to it by another Administration has the right to claim payments on account. 3395 Transmission of ac- knowledgment of bal- ance. General accounts. Credit tables. Examination by Bureau.

�