For The Regulation Of A Money Order System Between,
1. The Offices of Exchange for Money Order advices and accounts shall be
2. Hong-Kong may issue
Orders payable at any Money Order Office in
3. All Orders are to be drawn in Dollars, each Office making its own arrangements as to rates of exchange allot form of order and advice.
4. No single order shall exceed $50. The granting of more than two $50 Orders to the same person in favor of the same payee, by the same mail, is considered undesirable by the Hong-Kong Office, which does not, however,
refuse to honor such Orders.
5. Each Office shall fix its own rate of commission and advise the other Office what its rates are.
Office shall credit the other with 1 per cent. on the
total amount of Orders issued by such Office.
7. As soon as any Order is issue, relative advice shall be forwarded by first
8. All Orders shall
be paid without deduction. Payment of any order made before the arrival of the Advice is at the risk
of the country making it.
9. At the end of
every six months, whichever office shall r have a claim against the other, shall prepare an account
embracing the entire series of Orders issued by both Offices during such six months, and shewing the
balance due. Such balance must be remitted by the Office owing it by Bill of Exchange. These
periodical settlements are not, however, to supersede frequent remittances on account, where all or
nearly all the Orders are in one direction.
10. Money Orders
which shall not have been paid within 12 months from the (late of the issue thereof, shall be
considered void, and the amount thereof shall be placed to the credit of the country of .origin in
the half-yearly accounts.
11. All these rules
are open to revision by common consent from time to time.
12. The Money Order
System shall come into force,
Signed in duplicate
And at Hong-Kong
this fifth day of February, 1885.
I approve of the
CHARLES T. GULICK,
Minister of the Interior.
I approve of the
W. H MARSH,