Rates of Exchange for British Postal Orders

(1) British Postal Orders issued in this country for payment in the United Kingdom shall be sold at the current local Bank selling rate of exchange on the day of issue, or failing a current local Bank selling rate, the rate quoted in New York with the addition of 1⁄2 % for exchange. In addition, the prescribed commission shall be paid. (2) British Postal Orders issued in sterling will be paid by the Post Offices of this country at the current local Bank buying rate of exchange on the day of presentation, or failing a current local Bank buying rate, the rate quoted in New York with the addition of 1⁄2 % for exchange.