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of the guilder area, and to use guilders at their disposal to make payments to residents of the franc area.
4. Notwithstanding that each of the Contracting Governments shall be alone responsible for its monetary relations with third countries, they shall maintain contact in so far as the monetary relations of the one affect the interests of the other.
Article 10
On the expiry of the present agreement the balance in guilders held by the Banque de France and the balance in francs held by the Nederlandsche Bank shall be cleared at the official rate. The final balance, or any portion thereof not used for repayment under the terms of Article 6, may freely be used by the creditor bank of issue for authorized payments in the monetary area of the debtor bank of issue.
The provisions of Article 5 shall apply to this balance until it is completely exhausted.
Article 11
The present agreement, which shall be subject to review and adjustment after mutual consultation, shall come into force on the day of its signature. It may be terminated at any time by three months' notice.
ANNEX I
With reference to the Monetary Agreement signed this day, the Contracting Parties agree severally to make the necessary arrangements with a view to authorizing the following payments between the franc area and the guilder area:
Commercial payments (including incidental expenses), wages, services, relief and maintenance expenses, travelling expenses, living allowances, patent and license charges and fees, authors' royalties, taxes and fines, insurance and reinsurance payments, (premiums and indemnities), diplomatic and consular fees and all similar payments.
The above list of payments may be supplemented by mutual agreement between the Banque de France and the Nederlandsche Bank as agents of their respective Governments.
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