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destined to, the telephonic centres of the following Departments:

Ain, Allier, Charente, Charente-Inférieure, Cher, Côted'Or, Côtes du Nord, Creuse, Doubs, Finistère, Ille-etVilaine, Indre, Indres-et-Loire, Isère, Jura, Loire-Inférieure, Loir-et-Cher, Maine-et-Loire, Manche, Marne (Haute), Mayenne, Meurthe-et-Moselle, Morbihan, Moselle, Nièvre, Puy-de-Dôme, Rhin (Bas), Rhin (Haut), Rhône, Saône (Haute) et Territoire de Belfort; Saône-et-Loire, Sarthe, Savoie, Savoie (Haute), Sèvres (Deux), Vendée, Vienne, Vienne (Haute), Vosges. (Second zone.)

"At eight francs (8 fr.) for conversations originating in, or destined to, the telephonic centres of the following Departments:

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Alpes (Basses), Alpes (Hautes), Alpes-Maritimes, Ardèche, Ariège, Aude, Aveyron, Bouches-du-Rhône, Cantal, Corrèze, Dordogne, Drôme, Gard, Garonne (Haute), Gers, Gironde, Hérault, Landes, Loire (Haute), Lot, Lot-etGaronne, Lozère, Pyrénées (Basses), Pyrénées (Hautes), Pyrénées Orientales, Tarn, Tarn-et-Garonne, Var, Vaucluse. (Third zone.)

“In Great Britain.-At three francs seventy-five centimes (3 fr. 75 c.) for conversations originating in, or destined to, the telephonic centres situated in the following counties:

"Bedford, Berks, Buckingham, Cambridge, Dorset, Essex, Gloucester, Hampshire, Hertford, Huntingdon, Kent, Leicester, Lincoln, London, Middlesex, Norfolk, Northampton, Nottingham, Oxford, Rutland, Somerset, Suffolk, Surrey, Sussex, Warwick, Wilts, Worcester. (First zone). At six francs (6 fr.) for conversations originating in, or destined to, the telephonic centres situated in the following

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counties:

"Anglesey, Brecknock, Carnarvon, Cardigan, Carmarthen, Chester, Cornwall, Cumberland, Denbigh, Derby, Devon, Durham, Flint, Glamorgan, Hereford, Lancaster, Merioneth, Montgomery, Monmouth, Northumberland, Pembroke, Radnor, Salop, Stafford, Westmorland, York. (Second zone.)

At eight francs (8 fr.) for conversations originating in, or destined to, the telephonic centres situated in Scotland or Ireland. (Third zone.)

"These rates include the share of each Administration in respect of the transit of the submarine cables.

"The Administrations shall have the power by mutual agreement to alter the elementary charges and reduce them for conversations during the night. They shall also have the power by mutual consent to make any alterations to the zones which shall be rendered necessary by the development of the telephone system of either country.

II. The present Agreement shall take effect on a date* to be fixed by the contracting Administrations and shall remain in force the same length of time as the General Agreement of the 5th February, 1912.

Done in duplicate at London the 10th January, 1920, and at Paris the 15th December, 1919.

(L.S.)

(L.S.)

ALBERT H. ILLINGWORTH,

The Postmaster-General of the United
Kingdom of Great Britain and Ireland.

L. DESCHAMPS,

The Minister of Commerce, Industry,
Posts and Telegraphs of France.

EXCHANGE OF NOTES between Great Britain and France respecting the Restoration of Property and Payment of Debts due by Enemy Businesses in Liquidation.London, September 24, 1919, and January 10, 1920.

(No. 1.)—The French Ambassador in London to the
Secretary of State for Foreign Affairs.

LES délégués techniques à la Conférence de la Paix ont examiné la question du règlement des intérêts français et anglais dans les liquidations des biens ennemis dans les deux pays.

Ces délégués sont tombés d'accord sur le texte suivant : "Dans les liquidations en Angleterre des entreprises ennemies ou des sociétés contrôlées par les ennemis, les ressortissants français auront les mêmes droits que les ressortissants anglais en ce qui concerne la restitution des biens détenus pour leur compte et à leur profit, le payement des dettes à eux dues par l'entreprise ou la Société liquidée ainsi que leur participation d'actions à la répartition des produits de la liquidation en tant que participants ou porteurs d'actions, pourvu que les dettes dues à l'entreprise ou Société par des ressortissants français ou les biens détenus pour le compte de ces entreprises ou sociétés soient payés ou restitués à la personne chargée d'effectuer la liquidation.

Réciproquement dans les liquidations en France des entreprises ennemies ou des compagnies contrôlées par les ennemis, les ressortissants anglais auront, dans les mêmes conditions, les mêmes droits que les ressortissants français en ce qui concerne les questions ci-dessus visées.

* March 22, 1920.

Les dettes ci-dessus visées sont seulement celles dues à ou par les établissements existant en Angleterre."

Il est bien entendu qu'il ne serait tenu compte pour l'application de ce texte que des droits que les français et anglais possédaient avant la guerre. Il est, en effet,

nécessaire d'éviter toute fraude.

En outre, il est évident que le dernier alinéa exclut, dans le cas de séquestration de simples succursales ou d'Agences, le règlement des créances relevant du principal établissement ou du siège social resté lui-même en dehors de la séquestration et de la liquidation. Enfin le texte dont il s'agit laisse en dehors le règlement des droits que des séquestrations ennemies en France et en Angleterre peuvent avoir les unes à l'égard des autres.

L'Ambassadeur de France a été chargé de communiquer ce qui précède au Gouvernement Royal. Le Gouvernement français désirerait que l'accord sur le texte arrêté par les délégués techniques soit constaté par un échange de notes entre le Foreign Office et cette Ambassade.

Ambassade de France, Londres,

le 24 septembre 1919.

(No. 2.)-The Secretary of State for Foreign Affairs to the French Ambassador in London.

Foreign Office, S. W. 1, Sir, January 10, 1920. WITH reference to your note of the 5th instant relative to the Agreement between the United Kingdom and France for the reciprocal payment of enemy debts, I have the honour to inform you that His Majesty's Government accept the Agreement in question, the last paragraph of which should read as follows:

"The debts referred to above are only those due by, or to, establishments in the United Kingdom or France.'

2. I have the honour to state that His Majesty's Government now consider the Agreement* to be concluded.

I have, &c.

CURZON OF KEDLESTON.

• See Annex. The French Ambassador in London was notified by the Secretary of State for Foreign Affairs on April 23, 1920, of the desire of India to adhere to the Agreement, and a further notification with regard to the adherence of the Commonwealth of Australia, New Zealand, the Union of South Africa and Newfoundland was made on July 31, 1920.

ANNEX.

"Dans les liquidations en Angleterre des entreprises ennemies ou des sociétés contrôlées par les ennemis, les ressortissants français auront les mêmes droits que les ressortissants anglais en ce qui concerne la restitution des biens détenus pour leur compte et à leur profit, le payement des dettes à eux dues par l'entreprise ou la Société liquidée ainsi que leur participation d'actions à la répartition des produits de la liquidation en tant que participants ou porteurs d'actions, pourvu que les dettes dues à l'entreprise ou Société par des ressortissants français ou les biens détenus pour le compte de ces entreprises ou sociétés soient payés ou restitués à la personne chargée d'effectuer la liquidation.

"Réciproquement dans les liquidations en France des entreprises ennemies ou des compagnies contrôlées par les ennemis, les ressortissants anglais auront dans les mêmes conditions les mêmes droits que les ressortissants français en ce qui concerne les questions ci-dessus visées. "Les dettes ci-dessus visées sont seulement celles dues à ou par les établissements existant en Angleterre ou en France.”

AGREEMENT between Great Britain and France regarding the Oil (Petroleum) Interests of the two Countries.San Remo, April 25, 1920.*

By order of the two Governments of France and GreatBritain, the Undersigned representatives have resumed, by mutual consent, the consideration of an Agreement regarding petroleum.

2. This Agreement is based on the principles of cordial co-operation and reciprocity in those countries where the oil interests of the two nations can be usefully united. This memorandum relates to the following States or countries:

Roumania, Asia Minor, territories of the old Russian Empire, Galicia, French Colonies and British Crown Colonies.

3. The Agreement may be extended to other countries by mutual consent.

4. Roumania.-The British and French Governments shall support their respective nationals in any common negotiations to be entered into with the Government of Roumania for

(a.) The acquisition of oil concessions, shares or other interests belonging to former enemy subjects or bodies in Roumania which have been sequestrated, e.g., the Steaua Romana, Concordia, Vega, &c., which constituted in that

*Parliamentary Paper, " Miscellaneous, No. 11 (1920)."

country the oil groups of the Deutsche Bank, and of the Disconto Gesellschaft, together with any other interests that may be obtainable.

(b.) Concessions Roumanian State.

over oil lands belonging to the

5. All shares belonging to former enemy concessions which can be secured and all other advantages derived from these negotiations shall be divided, 50 per cent. to British interests and 50 per cent. to French interests. It is understood that in the company or companies to be formed to undertake the management and the exploitation of the said shares, concessions, and other advantages, the two countries shall have the same proportion of 50 per cent. in all capital subscribed, as well as in representatives on the Board, and voting power.

6. Territories of the late Russian Empire.-In the territories which belonged to the late Russian Empire, the two Governments will give their joint support to their respective nationals in their joint efforts to obtain petroleum concessions and facilities to export, and to arrange delivery of petroleum supplies.

7. Mesopotamia.-The British Government undertake to grant to the French Government or its nominee 25 per cent. of the net output of crude oil at current market rates which His Majesty's Government may secure from the Mesopotamian oilfields, in the event of their being developed by Government action; or, in the event of a private petroleum company being used to develop the Mesopotamian oilfields, the British Government will place at the disposal of the French Government a share of 25 per cent. in such company. The price to be paid for such participation to be no more than that paid by any of the other participants to the said petroleum company. It is also understood that the said petroleum company shall be under permanent British control.

8. It is agreed that, should the private petroleum company be constituted as aforesaid, the native Government or other native interests shall be allowed, if they so desire, to participate up to a maximum of 20 per cent. of the share capital of the said company. The French shall contribute one-half of the first 10 per cent. of such native participation and the additional participation shall be provided by each participant in proportion to his holdings.

9. The British Government agree to support arrangements by which the French Government may procure from the Anglo-Persian Company supplies of oil, which may be piped from Persia to the Mediterranean through any pipe-line which may have been constructed within the French

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