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NICARAGUA: Their Excellencies Doctors Don José Madriz and Don Luis F. Corea; and

SALVADOR: Their Excellencies Doctor Don Salvador Gallegos, Doctor Don Salvador Rodríguez González, and Don Federico Mejía.

By virtue of the invitation sent in accordance with Article II of the Protocol signed at Washington on September 17, 1907, by the Plenipotentiary Representatives of the five Central American Republics, their excellencies, the Representative of the Government of the United Mexican States, Ambassador Don Enrique C. Creel, and the Representative of the Government of the United States of America, Mr. William I. Buchanan, were present at all the deliberations.

The Delegates, assembled in the Central American Peace Conference at Washington, after having communicated to one another their respective full powers, which they found to be in due form, have agreed to carry out the said purpose in the following manner:

ARTICLE I.

Each one of the contracting Governments obligates itself to name 'within one month, counted from the last ratification of this agreement, one or more Commissions, which shall occupy themeselves preferably with the study of all that concerns the monetary system of their respective countries, especially in relation to those of the other States, and interchange amongst them; and, besides, the study of everything relating to the custom-house systems, the system of weights and measures, and other matters of an economic and fiscal nature which it may be deemed expedient to make uniform in Central America.

ARTICLE II.

The Commissions shall present a report within six months after their appointment, and each Government shall communicate such report to the others, inviting them to designate forthwith one or more delegates, in order that they may attend a Central American Conference, which shall be inaugurated on the first of the following January, and shall have for its object the conclusion of a Convention for the purpose of defining the means tending to the accomplishment of the ends to which Article I relates, giving preference to what relates to the monetary system of the five Republics and endeavoring to establish therein a fixed rate of exchange with regard to gold.

ARTICLE III.

Conferences shall be held annually thereafter, which shall open on the first day of January, in order to treat the questions comprised in Article I of this Convention which have not been settled at the previous Conference; and all the other matters which the Governments may see fit to submit to said Conferences.

ARTICLE IV.

The first Conference shall meet at the city of Tegucigalpa on the date indicated in Article II; and when its sessions are over it shall designate the place in which the next Conference shall meet, and so on successively.

ARTICLE V.

The present Convention shall remain in force for five years, but if at the expiration of that term none of the signatory Governments shall have denounced it, it shall continue in force until six months after one of the High Contracting Parties shall have notified the others of its determination to withdraw from it.

Signed at the City of Washington on the twentieth day of December, one thousand nine hundred and seven.

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The Governments of the Republics of Costa Rica, Guatemala. Honduras, Nicaragua, and Salvador, each being desirous to contribute its share towards the realization of the great work of the PanAmerican Railway, and, in order to attain so important an end, have seen fit to conclude a special Convention, and to that end have ap pointed as Delegates:

COSTA RICA: Their Excellencies Doctor Don Luis Anderson and Don Joaquín B. Calvo;

GUATEMALA: Their Excellencies Doctor Don Antonio Batres Jáuencie regui, Doctor Don Luis Toledo Herrarte, and Don Víctor Sánchez Ocaña;

HONDURAS: Their Excellencies Doctor Don Policarpo Bonilla, Doctor Don Angel Ugarte, and Don E. Constantino Fiallos;

NICARAGUA: Their Excellencies Doctors Don José Madriz and Don Luis F. Corea; and

SALVADOR: Their Excellencies Doctor Don Salvador Gallegos, Doctor Don Salvador Rodríguez González, and Don Federico Mejía.

By virtue of the invitation sent in accordance with Article II of the Protocol signed at Washington on September 17, 1907, by the Plenipotentiary Representatives of the five Central American Republics, their excellencies, the Representative of the Government of the United Mexican States, Ambassador Don Enrique C. Creel, and the Representative of the Government of the United States of America, Mr. William I. Buchanan, were present at all the deliberations.

The Delegates assembled in the Central American Peace Conference at Washington, after having communicated to one another their respective full powers, which they found to be in due form, have agreed to carry out the said purpose in the following manner.

ARTICLE I.

Each Government shall appoint a commission, in order that it may study and propose the most suitable measures to carry out the portion of said work within its own territory.

ARTICLE II.

The commissions, availing themselves of the surveys already existing of the Pan American Railway, and making all others that they may deem necessary, shall submit to their respective Governments detailed reports concerning the number of miles which need to be constructed, the towns and lands which the line should cross, the branches which it is advisable to connect to the principal line, the cost of the different sections, and all the measures that it may deem expedient for the end in view.

ARTICLE III.

The same commissions, when they point out the most suitable measures for the construction of the respective sections, shall suggest, as far as possible, what ought to be done concerning concessions of lands, privileges, tariffs, guarantees, and other points usual in such

cases.

ARTICLE IV.

After approval by the Governments, said reports shall be sent to the International Bureau of the American Republics at Washington, so that bids may be solicited, in order to obtain the best conditions in letting the corresponding contracts for the construction of the lines which are considered necessary.

ARTICLE V.

The said International Bureau, together with the Diplomatic Representatives of the five Republics of Central America, shall open said

competition, endeavoring in the first place to secure the organization of one or more companies which will construct the sections indicated, and if that be impossible to consolidate and bring to an agreement the different companies that may hold or obtain concessions or contracts directly with the Governments.

ARTICLE VI.

The contracting governments shall come to an agreement with the Government of the United Mexican States and with the Government of Panama concerning everything that may refer to the transit of merchandise and passengers from border to border.

ARTICLE VII.

The commissions shall be appointed subject to the approval of the present Convention, and the report shall be presented within a term of not to exceed six months after said appointment.

ARTICLE VIII.

The present convention shall not preclude the Governments from directly making contracts referring to the construction of railroads in their respective countries; but they must send said contracts to the International Bureau, in view of the consolidation or agreement to which Article V refers.

ARTICLE IX.

The contracting governments, moreover, pledge themselves to make the necessary arrangements to establish and improve the means of communication between the several Republics, such as lines of steamships, submarine cables, telegraph lines, wireless stations, telephones, and everything that may tend to cement their mutual relations.

The existing agreements concerning cable, telegraph, and telephone services, shall continue in force so long as the interested Governments deem it convenient.

Signed at the city of Washington on the twentieth day of December, one thousand nine hundred and seven.

LUIS ANDERSON

J. B. CALVO

ANTONIO BATRES JAUREGUI
LUIS TOLEDO HERRARTE

VÍCTOR SÁNCHEZ O.

POLICARPO BONILLA

ANGEL UGARTE

E. CONSTANTINO FIALLOS

JOSÉ MADRIZ

LUIS F. COREA

SALVADOR GALLEGOS

SALVADOR RODRÍGUEZ G.
F. MEJÍA.

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