The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-06

has been operated at q loss to such
party for the preceding six t6) months
period. upon such party giving sixty (60)
days written notice to the other party
such withdrawal to be subject to con-
tracts with third parties existing at the
time OF such notice. In order TO justify
withdrawal hereunder. and for the
purposes OF this section only. loss shall
be deemed 20 have been incurred II the
ssoss revenue OF the particular service
for a six 90 months period Is insufii-
cient to pay operating expenses. exciu-
sive of overhead expenses, interest on
investment, depreciation. extraordinary
repairs and taxes.
1T In understood. however. that the
above provision shall be reasonably con-
strued and that such six months period
shall be Increased by mutual agreement
In services involving extended voyages.
In order to meet the particular condi-
tons Of such services. Ships Withdrawn
under the above provision shall De en-
ployed In the same manner as surplus
tonnage withdrawn under tho provisions
Of Section 10 hereof.
1T Is understood that such compen-
sation shall be reasonable In amount.
and that az to services under section
Ia. each party shall be entitled to the
same percentage commissions as the
other In addition to disbursements. and
such additional commissions for brokers
as trade customs or special conditions
In the respective countries REQUIRE. Each
Of the parties reserves the right to es-
tablish an office In the country OF the
othcf. either In It's own name or In any
other name, for tho purpose OF super
vising the carrying out Of the provisions
Of this agreement and to do a shipping
business not In conflict with the ser
vices contemplated or established here'
under.
FOR services, under section CD.
each Of the parties may appoint its own
| agents outside Of the United states ana
| Germany. The remuneration to be paid
by the parties to such agents shall De
| the same as far as practicable.
"Sectfon 1.-THE port and ONCE or
ganizations OF each party In United
| States ana Germany shall be at the dis
| posal Of the other for the operation OF
! the services established hereunder; the
charge therefore shall be stipulated
sum per ship Ms a management zee
which charge shall be In addition TO the
agency commission and charges herein
| provided for.
Bar. other ships at Piers.
."The ships operated ip the services
eata hiished hereunder shall be handled
by the line In Hamburg at the piers
leased by 1t from the State OF Ham
burg. The line agrees that the snips
operated in such services shall receive
tho Quickest possible dispatch. and that
ships of competitive lines VIII not De
| handled at it's piers. The corporation
agrees to give the line reciprocal faci'-
| ties in United States ports at piers
owned, leased or controlled by II, hso-
| far as II lawfully may do TO-.
wharfage rates for ships operateo IN
| the services established hereunder shall
be as follows: In Hamburg the rates
| fixed by the State OF Hamburg FOR all
abins entering the port and In United
States ports the rates fixed by agree
ment from time to time on the basis OF
the rates prevailing In the particular
port.
"Stevedore rates In both the United
States and Germany shall be matter
| of agreement from time to time.
section Is. In the services estap-
lished hereunder. rates for trans-ship-
ment cargo on through bills OF ladine
shall be a matter OF agreement, subject
to change from time TO time as the
| freight market necessitates. Each OF
| the parties agrees to charge the other
on trans-shipment cargo rates no
higher than the current market rates
and no higher than the rates 1t charges
! to others, and no higher than the rates
/ II IA charged by others. and also agrees
| to give cargo discharged from ships
operated by the other party first call
upon space when the forwarding Is done
by ships of It's own or under It's con-
troll, insofar as It lawfully may do so.