TNAG-1040-FCO40-1290-Future-of-Hong-Kong-1981 — Page 132

(B) A FIXED ANNUITY OF TEN MILLION UNITED STATES DOLLARS ($10,000,000) TO BE PAID OUT OF CANAL OPERATING REVENUES. THIS AMOUNT SHALL CONSTITUTE A FIXED EXPENSE OF THE PANAMA CANAL COMMISSION.

(C) AN ANNUAL AMOUNT OF UP TO TEN MILLION UNITED STATES DOLLARS ($10,000,000) PER YEAR, TO BE PAID OUT OF CANAL OPERATING REVENUES TO THE EXTENT THAT SUCH REVENUES EXCEED EXPENDITURES OF THE PANAMA CANAL COMMISSION INCLUDING AMOUNTS PAID PURSUANT TO THIS TREATY. IN THE EVENT CANAL OPERATING REVENUES IN ANY YEAR DO NOT PRODUCE A SURPLUS SUFFICIENT TO COVER THIS PAYMENT. THE UNPAID BALANCE SHALL BE PAID FROM OPERATING SUR PLUSES IN FUTURE YEARS IN A MANNER TO BE MUT UALL Y AGREED.

ARTICLE XIV

SETTLEMENT OF DISPUTES

IN THE EVENT THAT ANY QUESTION SHOULD ARISE BETWEEN THE PARTIES CONCERNING THE INTERPRETATION OF THIS TREATY CR RELATED AGREEMENTS, THEY SHALL MAKE EVERY EFFORT TO RESOLVE THE MATTER THROUGH CONSULTATION IN THE APPRO- PRIATE COMMITTEES ESTABLISHED PURSUANT TO THIS TREAT Y AND RELATED AGREEMENTS, OR, IF APPROPRIATE, THROUGH

DIPLOMATIC CHANNELS. IN THE EVENT THE PARTIES ARE UNABLE TO RESOLVE A PARTICULAR MATTER THROUGH SUCH MEANS, THEY MAY, IN APPROPRIATE CASES, AGREE TO SUBMIT THE MATTER TO CONCILIATION, MEDIATION, ARBITRATION, OR SUCH OTHER PROCEDURE FOR THE PEACEFUL SETTLEMENT OF THE DISPUTE AS THEY MAY MUTUALLY DEEM APPROPRIATE.

(UN QT E)

VANCE

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