“Changes in the governemnt or the internal policy of a state do not as a rule affect its position in International law. A monarchy may be transformed into republic or republic into a monarchy ...; but though the government changes the nationa remains with rights and obligation unmpaired... The principle of the continuity of state has important results. The state is bound by engagements entered into by governments that has ceased to exist; the restroed government is generally liable for the acts of usurper”. This famous statement analyses the law of state succession and cited by arbitrator William H. Taft in his decision on Tinocco Arbitration grom