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with Icelandic subjects born in Iceland, and vice versa; that the subjects
 of either country shall be exempted from military service in
the other; that access to fishing in the territorial waters of both
countries is equally free to Danish and Icelandic subjects, irrespective
of residence; that Danish ships in Icelandic harbours have the same
privileges as Icelandic vessels, and vice versa; and that Danish and
Icelandic goods and produce shall mutually enjoy the most favourable
 terms granted to any country. —- The act provides that Denmark
 shall act on Iceland’s behalf in foreign affairs. In the ministry
of foreign affairs a representative shall be appointed well acquainted
with Icelandic conditions for the purpose of dealing with Icelandic
matters and furthering Icelandic interests. Iceland may have consuls
appointed where there are none at present. Moreover attachés familiar
with Icelandic conditions shall be attached to the already existing consulates
 and legations. The Icelandic government may also send delegates
 to other countries to conduct negotiations in matters specially
concerning Iceland. All treaties between Denmark and other countries
already concluded and published shall, in so far as they concern Iceland,
 remain in force for that country too. But treaties ratified by Denmark
 after the act of union has taken effect, are not binding on Iceland
 without the consent of the Icelandic authorities concerned. The
fisheries protection in Icelandic territorial waters shall be performed
by Denmark under the Danish flag, until Iceland may decide to undertake
 this duty. The monetary system, which has hitherto been in force
in both countries, shall continue as long as the Scandinavian coinageunion
 exists; and finally the Danish supreme court shall have jurisdiction
 in Icelandic cases until Iceland decides to establish a court of
final appeal of her own. This jurisdiction of Denmark’s supreme court
ceased in 1920, when a court of final appeal was instituted in Iceland.
The share payable by Iceland to Denmark for the management of these
affairs is to be fixed according to an agreement made by the governments
 of both countries.
In order to safeguard the union, the act provides that an advisory
body shall be creatad as well as a court of arbitration, in case of
a ‘difference of opinion arising about the provisions of the act of union.
This advisory body shall consist of at least 6 members, three of whom
are to be appointed by Althingi, the other three by the Rigsdag. DBefore
 any measure coucerning the management of the affairs specified
in the act, or any bill relating to the specific affairs of either countrv.
 which at the same time mav affect the other state and the