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ARTICLE 11
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21
Transfer of Earnings
A designated airline of Hong Kong shall have the right to convert into any freely convertible currency and to remit from Australia on demand local revenues in excess of sums locally disbursed. A designated airline of Australia shall have the right to convert into any freely convertible currency and to remit from Hong Kong on demand local revenues in excess of sums locally disbursed. The conversion and remittance of such revenues shall be permitted without restriction at the rate of exchange applicable to current transactions which is in effect at the time such revenues are presented for conversion and remittance and shall not be subject to any charges except those normally made by banks for carrying out such conversion and remittance.
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