(h) The terms "resident of one of the territories" and "resident of the other
 territory" mean a person who is a resident of the United Kingdom or a
 person who is a resident of Norway, as the context requires;
 (1) The terms "United Kingdom enterprise" and "Norwegian enterprise"
 mean respectively an industrial or commercial enterprise or undertaking
 carried on by a resident of the United Kingdom and an industrial or
 commercial enterprise or undertaking carried on by a resident of Norway,
 and the terms "enterprise of one of the territories" and "enterprise of the
 other territory" mean a United Kingdom enterprise or a Norwegian
 enterprise, as the context requires;
 (j) The term "industrial or commercial profits" includes rents or royalties
 in respect of cinematograph films;
 (k) The term "permanent establishment," when used with respect to an
 enterprise of one of the territories, means a branch, management, factory,
 or other fixed place of business, but does not include an agency unless the
 agent has, and 'habitually exercises, a general authority to negotiate and
 conclude contracts on behalf of such enterprise or has a stock of mer-
 chandise from which he regularly fills orders on its behalf. In this
 connexion-
 (i) An enterprise of one of the territories shall not be deemed to have a
 permanent establishment in the other territory merely because it
 carries on .business dealings in that other territory through a bona
 fide broker or general commission agent acting in the ordinary course
 of his business as such.
 (ii) The fact that an enterprise of one of the territories maintains in the
 other territory a fixed place of business exclusively for the purchase
 of goods or merchandise shall not of itself constitute that fixed place
 of business a permanent establishment of the enterprise.
 (iii) The fact that a company which is a resident of one of the territories
 has a subsidiary company which is a resident of the other territory
 or which carries on a trade or business in that other territory
 (whether through a permane-nt establishment or otherwise) shall
 not of itself constitute that subsidiary company a permanent estab-
 lishment of its parent company.
 (2) Where under the present Convention any income is exempt from tax in
one of the territories it (with or without other conditions) it is subject to tax in
the other territory, and that income is subject to tax in that other territory by
reference to the amount thereof which is remitted to or received in that other
territory, the exemption to be allowed under this Convention in the first-men-
tioned territory shall apply only to the amount so remitted or received.
 (3) In the application of the provisions of the present Convention by one of
the Contracting Parties any term not otherwise defined shall, unless the context
otherwise requires, have the meaning which it has under the laws in force in the
territory of that Party relating to the taxes which are the subject of the present
Convention.
 ARTICLE III.
 (1) The industrial or commercial profits of a United Kingdom enterprise shall
not. be subject to Norwegian tax unless the enterprise carries on a trade or
business in Norway through a permanent establishment situated therein. If it'