ETC. - United Nations Treaty Collection

320 Socite' des Nations - Recuei des Traits. 1921
Expenditure.
Article I5.
i. All expenditure in connection with the postal, telephone and telegraph services of the
Principality of Liechtenstein shall be stated in the accounts at the amounts actually disbursed
2. A lump sum, to be calculated according to the approximate expenditure upon the
Principality, shall be annually included in the accounts and charged under the appropriation for
working expenses, to cover the cost of general administration (management, inspection, audit,
etc.), also current expenditure connected with certain office requirements (official stationery, etc.).
Receipts.
Article 16.
i. Receipts derived from charges and dues collected in the post offices of the Principality
shall remain the proprety of the Principality and shall therefore be included in full upon the credit
side of the working expenditure account. Charges and dues collected by the Swiss offices shall,
on the other hand, belong exclusively to Switzerland, and will therefore in no way affect the
accounts.
2. Receipts derived from the sale of postage stamps of the Principality to stamp collectors
in the special offices established for this purpose, shall not be included in the accounts.
3. Charges and dues derived from the telephone and telegraph services between Switzerland
and Liechtenstein shall similarly remain the property of the State in which they are collected.
Settlement of Accounts relating to
Traffic with other Countries.
Article 17.
i. Liechtenstein shall have no concern in the settlement of postal accounts between Switzerland
and other countries. As regards the postal service between Liechtenstein and other states,
so long as the service in each direction is approximately equal, no settlement of accounts with
Liechtenstein will be made,
2. As regards the telegraph and telephone services between the Principality and other countries,
Liechtenstein shall receive the portion of the receipts obtained by Switzerland from outgoing
communications. Switzerland shall retain receipts derived from incoming communications.
3. Both parties renounce the right to levy any charges upon postal, telegraph or telephone
communications in transit.
Profit and Loss.
Article 18.
i. The receipts from the postal, telegraph and telephone services of the Principality shall,
in the first instance, be devoted to payment of the working expenses. Any surplus shall belong
to the Government of Liechtenstein. Similarly any deficit must be met by it. It must also pay
the cost of all constructions and purchases which are considered necessary by the Swiss Administration,
in connection with the postal, telegraph and telephone services in Liechtenstein. The
consent of the Government of Liechtenstein is, however, required in cases involving buildings
or extensive purchases.
2. Switzerland and the Principality of Liechtenstein undertake to settle all accounts in
Swiss currency not later than 14 days after they have been approved.