Page:United States Statutes at Large Volume 63 Part 2.djvu/979

 2280 Control of financial transactions. TREATIES [63 STAT. corporations and associations of the other High Contracting Party, shall be accorded within such territories treatment with respect to all matters affecting internal taxation, or the sale, distribution or use therein, or exportation there- from, no less favorable than the treatment now or hereafter accorded to like articles grown, produced or manufactured therein in whole or in part by nation- als, corporations and associations of the High Contracting Party within the territories of which the articles are grown, produced or manufactured, or by corporations and associations of such High Contracting Party which are con- trolled by such nationals, corporations and associations. The articles specified in the preceding sentence shall not in any case receive treatment less favorable than the treatment which is or may hereafter be accorded to like articles grown, produced or manufactured in whole or in part by nationals, corporations and associations of any third country, or by corporations and associations controlled by such nationals, corporations and associations. 3. In all matters relating to export bounties, customs drawbacks andsthe warehousing of articles intended for exportation, the nationals, corporations and associations of either High Contracting Party shall be accorded within the territories of the other High Contracting Party treatment no less favorable than the treatment which is or may hereafter be accorded to the nationals, corporations and associations of such other High Contracting Party. Article XVII 1. The treatment prescribed in this Article shall apply to all forms of control of financial transactions, including (a) limitations upon the availability of media necessary to effect such transactions, (b) rates of exchange, and (c) prohibitions, restrictions, delays, taxes, charges and penalties on such trans- actions; and shall apply whether a transaction takes place directly, or through an intermediary in another country. As used in this Article, the term 4 finan- cial transactions, means all international payments and transfers of funds effected through the medium of currencies, securities, bank deposits, dealings in foreign exchange or other financial arrangements, regardless of the purpose or nature of such payments and transfers. 2. Financial transactions between the territories of the two High Contrac- ting Parties shall be accorded by each High Contracting Party treatment on[' less favorable than that now or hereafter accorded to like transactions between the territories of such High Contracting Party and the territories of any third country. 3. Nationals, corporations and associations of either High Contracting Party shall be accorded by the other High Contracting Party treatment no less favorable than that now or hereafter accorded to nationals, corporations and associations of such other High Contracting Party and no less favorable than that now or hereafter accorded to nationals, corporations and associations of any third country, with respect to financial transactions between the territories of the two High Contracting Parties or between the territories of such other High Contracting Party and of any third country. The word "on" should read "no".

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