New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-08-31
mitted bT the ofice at Landau exb;bit;n

mitted by the <ofice at London, exhibiting
| the balance found due on the exchanges of
orders during the quarter; which balance.
| after proper verifcation, shall, if due by the
| U nited States Office, be paid at London;
but if due by the British office, it shall be
paid at New York, and always in the money
| of the country to which the payment is
| made. If, pending the settlement of an
account, one of the two postal administra-
tons shall ascertain that it owes the other'a
balance exceeding one thousand pounds ster-
ing, the indebted administration shall
| promptly remit the approximate amount
of such balance to the credit of the other.
This account, and the letters which accom-
pany such intermediate remittances, shall
be in accordance with tthe forms C, ID and
E annexed to this convention. 0o''o'
ARTICLE XIII %
Until the two General Postofices shall
consent to an alteration, it is agreed that.
in all matters of account relative to money
orders which shall result from the execu-
ton of the present convention. the pound
sterling of Great Britain shall be consid-
cred as equivalent to four dollars and
eightgnsix.ueent Of tia gold coin Of the
United states. $50
I..4l u ARTICLE XIV. 6ECtl
Z Each exchange Office shall certify
its orders to. the other, in amounts,
designated in the denominations of
the money both of the dispatching
and receiving country, at the rate
of conversion established upon the basis of
gold by article xiii of this convention. This
conversion shall be checked at the receiving
office of exchange.
"A. 1fi ARTICLE XIV.
All payments for money orders, whether
to or by the public, if not in gold, shall ibe
made to the nearest practicable equivalent.
e 81. ----------aRFIetE XVI.
The value, IN gold coin of the United
States, of deposits in paper money made IN
that country for payment in Great Britain,
shall be determined at the exchange Office
of New York, according to the rate of pre-
MUM on gold, on the day of receipt at that
Office of notification of such deposits. On
the other hand, the value, in United States
paper currency. of money orders certified
in the lists sent from the exchange Office of
London to the exchange Office of New York,
shall be determined (also at New York; in
accordance with the premium on gold on,
the day of the receipt of such lists. ,
b ARTICLE XVII. ,
Orders which shall not have been paid
within twelve calendar months from the
month of issue shall become void, and the
sums received shall accrue to and remain at
the disposal of the country of origin. The
British Office shall, therefore, enter to the
credit of the United States, IN the quarterly
account, all money orders entered in the
lists received from the United States which
remain unpaid at the end of the period
specified On the other hand, the United
States Office shall, at the close of each ]
month, transmit to the British Office, for
entry in the quarterly account, detailed
statement of all orders included in the lists
dispatched from the latter Office which,
under this article, become void.
D. 'e.-I ARTICLE XVIII.
Repayment of orders to remitters shall
not be made until an authorization for such
shall first have been obtained by
the country of issue from the country
where such orders were payable; and the
OF the repaid orders shall be duly
credited to the former country in the quar-
terly account. 1t is the province of each
postal administration to determine the
manner in which repayment to the remitter
is to be made. D. ---
.. ARTICLE XIX. -, /
The orders issued by each country on the
other shall be subject, as regards payment,
to the regulations which govern the pay
ment of INLAND orders sof the country @on
which they are drawn -tf.v- - '.--9
ARTICLE Xxx. Il = II J<~
The General Postotfice in each country |
shall be authorized to adopt any additional |
rules tf not repugnant to the foregoing) 4
for the greater security against fraud, or |
for the better working of the system gen
orally. All such additional rules, however,
must be promptly communicated to the |
,ostoffice OF the other country.
ARTICLE XXI.
The present convention shall take effect
IN the first day of October next, and shall |
continue in force until twelve months after
he date at which one of the contracting
PARTIES shall have notified TO the other its !
to terminate it.
Done in duplicate, and signed in London
N the thirtieth day of June, in the year of
'ur Lord one thousand eight hundred and
eventy-one, and in Washington on the
wenty-seventh day of July, in the year of
ur Lord one thousand eight hundred and
cole
w. MOUSELL.
eng JOHN A. j. CRESWELL,
postmaster General of the United States.
| hereby approve the aforegoing conven-
ion, and in testimony thereof, have caused
he seal of the United States to be affixed.
u. S. GRANT.
By the President:
HAMILTON FISH, Secretary of State.
Washington, July q, 1871. 81. r.. -