Page:United States Statutes at Large Volume 22.djvu/946

OONVENTION-PORTUGAL. JULY 15, 1882. 919 Auriomt 3. Sec. l. Each of the two contracting countries shall tix the rate of Sehednleoffees. fees to be collected trom the remitters of moneyorders issued therein tor payment in the other country. This rate of fees shall not exceed one and one half per cent. upon the amounts constituting the divisions in the schedule of tees. Sec. 2. I n addition to the fee mentioned in this Article no other clmrgo, fax, commission, or impost shall be collected for the issue, transmission, distribution, or payment of money-orders, provided for in this Convention. Sec. 3. The country which issues the orders shall pay to the country on which they are drawn three quartersof one per cent. computed upon the total value of those orders. Anrxonn 4. - Orders issued in Portugal for payment in the United States shall not Fractions excontain a fraction of a cent, and those which are issued in the United ¤1¤d<><i- States for payment in Portugal shall not contain a fraction of ten reis. ARTICLE 5. , The service of the postal money-order system between the two countries Designation oe shall he performed exclusively by the agency of offices of exchange. exchange omees. _ These offices shall bea.-Lisbon, on the part of Portugal. b.-New York, on the part of the United States. • Anrrcnn 6. Srzc. 1. Each Office of Exchange shall send, by every mail, to the List and advices other, a certified List, in duplicate, of the money—orders issued in its transmission ot. owln country, since the last previous transmission, for payment in the ot er. Sec. 2. At the closeof each Quarter, or, at the latest,within twomonths Qusrterl y soafter the expiration thereof, an account, in duplicate, shall be prepared °°““*·’· - and transmitted by the Administration of Mails, Telegraphs, and Lighthouses of Portugal to the Postal Adminstration of the United States. This account, having been accepted, shall be paid in the metallic money Payment or belof the creditor country by the indebted Postal Administration, within ¤¤<=¤¤· a limited time to be determined by mutual agreement. Sec. 3. For this purpose the smaller credit shall be converted into the money of the larger credit. . Sec. 4. In case of the non-payment of the balance of an account within .U¤v¤·i<i b¤l¤·¤<=¤¤ the time specified, the amount of such balance shall be chargeable with *° "°°' ‘”""`°°‘· interest from the date of the expiration of the stipulated period until the day of the transmission of the amount due. Such interest shall he computed at the rate of live per cent. per annum- and is to be entered iu the accounts as a debit against the dilatory’Administratiou. Antrionn 7. Sec. 1. The sums received for the issue of money·orders remain the 0¤•¤¤¤¤·l_l **8 property of the remitters until they shall have been duly paid to the '“""°Y'°‘“°"‘ beneficiaries or to the representatives of the latter. Sec. 2. Postal orders accrue to the coun try of origin when the amounts thereof have not been claimed by the payees within a period of time tixed by mutual agreement. _ · · Sec. 3. Repayment of orders to remitters shall not be made until Pepaymenttorean authorization for such repayment shall first have been obtained by ¤¤**°*'¤· the country of issue trom the country where such orders are payable, and the amounts of the repaid orders shall be duly credited to the for-