Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-12-06

The General Post Office of the United
States of America and the General Post
Office of the United Kingdom of Great
Britain and Ireland, being DESTROYS of es-
tablishing an exchange of money orders
between the two countries, the undersign-
ed, duly authorized for that purpose, have
agreed upon the following articles
ARTICLE 1.
MThere shall be a regular exchange of
money orders between the two countries.
The maximum of each order is fixed at ten
pounds sterling, when issued in the United
KindOm of Great Britain and Ireland, and,
when issued in the United States, at fifty
dollars in the national paper currency of
the late country.
ARTICLE II.
The British Post Office shall have the
power to fix the rates of commission on all
money orders issued in the United King
dom aud the United States Post Office
shall have the same power in re-
gard to all money orders issued
IN the United States. Each office
shall communicate to the other its tariff of
charges or rates of commission which shall
be established under this convention, and
these rates shall, in all cases, be paid in adj
vance by the remitter, and shall not, in
any event, be repayable. 1t is understood,
moreover, that each office is authorized to
suspend temporarily, the exchange of
money orders in case the course of eX-
change, or any other circumstance, should
give rise to abuses, or cause detriment to
the postal revenue.
ARTICLE III.
Each country shall keep the commits
sion charged on all money orders issued
within it, but shall pay to the other coun-
try one per cent. on the total amount of
such orders.
ARTICLE ".
No money order shall include fraction
tional part of penny or of cent.
ARTICLE V.
The service of the postal money order
system between the two countries shall be
performed exclusively by the agency of
offices of exchange. On the part of the
United States, the office of exchange shall
be New York, and on the part of the
United Kingdom, London.
ARTICLE VI.
Any person in the United States desir-
ing to remit to the United KindOm a sum
of money within the limits prescribed by
Article I, may pay it into any post Office
in the United States designated for such
purpose from time to time, by the Post
master General of that country Such
person shall, at the same time, give the
name and address of the person to whom
the amount is to be paid in the United
Kingdom, and his own name and address.
ANY person in the United Kingdom desir-
ing to remit to the United States a sum of
money within the same limits, may pay
it into any money-order office of the Unit
ed Kingdom, giving at the same time, the
name and exact address of the person to
whom the amount is to be paid in the
United States, and his own name and ad-
dress. The receiving postmaster in either
country shall, in accordance with the rules
established by his postal administration,
notify every such payment to the despatch
ing exchange office. The postmaster of
New York, upon receipt of every notifica-
ton of this kind, shall make out and for
ward to the payee in he..United Kingdom
a money order, payable in sterling at the
post office in that country, designated by
the remitter of the order, it being under
stood that the money orders so RENTED
shall be sent, in the first instance, to the
controller of the mOney-order office in
London, and shall not be subject to
postage.
ARTICLE VII.
By every mail, the exchange office of
each country shall send to the exchange
office of the other country certified list of
sums payable in that country, and receiv-
ed since the despatch of the previous list.
AS soon as any such list shall have reached
the New York Office, and been verified.
this office shall make out inland money
orders in favorof the payees, for the amount
specified in the list, and shall promptly
forward them to the payees or to the pay
ing office in conformity with the regula-
tions existing in the United States for the
payment of money orders. The list for
warded to the United Kingdom shall be
accompanied by the relative letters of adj
vice of the orders entered therein, together
with the orders themselves, as already set
tied in Article VI. After comparison with
the list, the advices shall be despatched to
the offices drawn upon, and the letters en-
closing the orders posted for delivery. The
lists, by means of which each office of ex-
change communicates with the other, shall
be according to the Forms A and B an
neXed.
4