balance of payments; it may, in particular, be done progressively Once the system has been abolished, the provisions of this Treaty shall apply in their entirety.

The expression balance of current payments' shall have the meaning given to it by international organizations and by the International Monetary Fund; it shall comprise the trade balance and the invisible transactions which have the character of income

or services.

II Payment for overtime

1. The Member States consider that the establishment of the common market will result, by the end of the first stage, in a situation in which the basic number of hours beyond which overtime is paid for and the average rate of additional payment for overtime in industry will correspond to the average obtaining in France in 1956.

2. If this situation does not come about by the end of the first stage, the Commission shall authorize France to take, in respect of the sectors of industry affected by disparities in the method of payment for overtime, protective measures, the conditions and details of which the Commission shall determine, unless, during this stage, the average increase in the wage level in the same sectors of industry in other Member States, by comparison with the average for 1956, exceeds the increase which has occurred in France by a percentage fixed by the Commission with the approval of the Council acting by a qualified majority.

Done at Rome this twenty fifth day of March in the year one thousand nine hundred and fifty seven.

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