Page:UN Treaty Series - vol 2.pdf/277

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1947
Nations Unies-Recueil des Traités
269

(2) If the two contracting parties should agree to change the official rate of exchange between the franc and the guilder, the amount of guilders to be paid by the Banque de France in respect of the francs held by the Javasche Bank would be calculated at the rate in force when the sterling was acquired. A similar arrangement would apply to guilders held by the Banque de France. Article 6 (1) The francs held by the Javasche Bank may be used to pay for all expenditure in French territory or in the French Empire (North Africa, colonies, protectorates and mandated territories). (2) The guilders held by the Banque de France may be used to pay for all expenditure in guilders in the Netherlands Indies (as defined in Article 12). (3) If either country wishes to make payments to a third country in the currency of the other country, this shall be done only after prior consultation and agreement between the two Governments. Article 7 The Javasche Bank and the Banque de France will, if necessary, provide against francs or against guilders the local currencies needed for all payments in the Netherlands Kingdom or in the French Empire respectively. Article 8 The French and Netherlands Treasuries will consider and constantly watch over all questions relating to the equitable distribution of expenditure in dollars or in gold borne by each country, which are made necessary by the conduct

of the war. Article 9 The French and Netherlands Treasuries will examine from time to time, and at least once every three months, the amount of and the reasons for movements in gold or foreign exchange, and will propose the measures of all kinds required to maintain the conditions of a lasting monetary equilibrium. Article 10 (1) The two Governments will consult together before taking steps for the mobilization on the market of a third country of all or part of their holdings of foreign securities. le 9.