2866 Transit charge ao- counts. Ante, p. 2856. Transmission. Settlement of transit charges. Ante, p. 2856. UNIVERSAL POSTAL CONVENTION. MARCH 20, 1934. 3.- Le Bureau international etablit, 8. la fin de chaque annee, sur la base des releves qui lui sont parvenus jusque-la. et qui sont consideres comme admis de plein droit, un decompte general annuel des frais de transit. Le cas echeant, il se conforme 8. la regIe fixee 8.l'article 161, § 3, pour les payements annuels. Le decompte indique: a) Ie Doit et l'Avoir de chaque Administration; b) Ie solde debiteur ou Ie solde crediteur de chaque Administra- tion; c) les sommes a. payer par les Administrations debitrices; d) les sommes 8. recevoir par les Administrations creancieres. Le Bureau international pro- cede par voie de compensation, de maniere 8. restreindre au minimum Ie nombre des payements 3. effec- tuer. 4.- Les decomptes generaux an- nuels doivent ~tre transmis aux Administrations par Ie Bureau in- ternational, aussitot que possible et, au plus tard, avant l'expira- Hon du premier trimestre de l' an- Dee qui suit celle de leur etablisse- ment. ARTICLE 171 Liquidation des frais de transit. l. -Le solde resultant du de- compte ~eneral annuel du Bureau internatlOnal ou des reglements speciaux, y compris, Ie cas eche- ant, la regularisation prevue 8. l'article 161, § 3, est paye par I'Administration debitrice 8. I'Ad- ministration creanciere de 1'une des marueres suivantes: a) au choix de I'Administration debitrice, en or ou au moyen de cheques ou de traites repondant aux conditions prevues au § 2 ci-apres et payabies 8. vue sur la capltale ou sur une place commer- ciale du pays creancier, ou b) suivant accord entre les deux Administrations, par l'interme- diaire d'une banque utilisant Ie clearing de la Banque des RegIe- 3. The International Bureau makes up, at the end of each year, on the basis of the forms which have rp.ached it up to that time and which are considered as duly accepted, a general account of transit charges. If occasion arises, it complies with the rule laid down by Article 161, Section 3, for annual payments. The account indicates: (a) The debit and credit of each Administration; (b) The debit or credit balance of each Administration; (c) The sums to be paid by the debtor Administrations; (d) The sums to be received by the creditor Administrations. . The International Bureau pro- ceeds by way of compensation in such a manner as to restrict to the minimum the number of pay- ments to be made. 4. The general annual accounts shall be transmitted to the Ad- ministrations by the International Bureau as soon as possible, and at the latest before the expiration of the first quarter of the year fol- lowing that of their preparation. ARTICLE 171 Settlement of transit charges 1. The balance resulting from the general annual account of the International Bureau or from special settlements, including, if occasion arises, the adjustment provided fur in Article 161, Sec- tion 3, is paid by the debtor Ad- ministration to the creditor Ad- ministration in one of the follow- mg manners: (a) At the choice of the debtor Administration, in gold or by means of checks or drafts fulfilling the conditions prescribed by Sec- tion 2 hereafter and payable at sigh t in the capital or in a com- mercial city of the creditor coun- try; or (b) Following agreement be- tween the two Administrations, thru the intermediary of a bank utilizing the clearing-house of the
