Page:United States Statutes at Large Volume 49 Part 2.djvu/1958

 3964 Treatment of Gov- ernment monopolies. RECIPROCAL TRADE-CANADA. do so at any time thereafter, and the other Government shall be free within fifteen days after such action is taken to terminate this Agreement in its entirety on thirty days' written notice. ARTICLE VIII In the event that the United States of America or C&.nada estab- lishes or maintains a monopoly for the importation, production or sale of a particular commodity or grants exclusive privileges, formally or in effect, to one or more agencies to import, produce or sell a particu- lar commodity, the Government of the country establishing or main- taining such monopoly, or granting such monopoly privileges, agrees that in respect of the foreign purchases of such monopoly or a~ency the commerce of the other country shall receive fair and eqUItable treatment. To this end it is agreed that in making its foreign pur- chases of any product such monopoly or agency will be influenced solely by those considerations, such as price, quality, marketability, and terms of sale, which would ordinarily be taken into account by a private commercial enterprise interested solely in purchasing such product on the most favorable terms. ARTICLE IX Adv~ntl\ges provi.l - The tariff advantages and other benefits provided for in this ed, subJoct to equitable dbhU'dS fA' dCd share in allotment oC Agreement are grante y t e mte tates 0 menca an ana a exchange. to each other subject to the condition that if the Government of either country shall establish or maintain, directly or indirectly, any inrm of control of foreign exchange, it shall administer such control so as to insure that the nationals and commerce of the other country will be granted a fair and equitable share in the allotment of exchange. With respect to the exchange made available for corr.lmercial transactions, it is agreed that the Government of each country shall be guided in the administration of any form of control of foreign exchange by the principle that, as nearly as may be determined, the share of the total available exchange which is allotted to the other country shall not be less than the share employed in a previous representative period prior to the establishment of any ex\'hange control for the settlement of commercial obligations to the nationals oi such 0 ther ~ountry. Mutual cOllsidera- The Government of each country shall give sympathetic considera- tion. tion to any representations which tre other Government may make in respect of the application of the provisions of this Article. ARTICLE X raVfteC::geW~: In the event that a wide variation occurs in the rate of exchange udicial. between the currencies of the United States of America and Canada, the Government of either country, if it considers the variatioL. so substantiaills to prejudice the industries or commerce of the country, shall be free to propose negotiations for the modification of this A~eement; and if an agreement with respect thereto is not reached WIthin thirty days following receipt of such proposal, the Government making such proposal shall be free to terminate this Agreement in its entirety on thirty days' written notice. Mutual adjustment of terms. ARTICLE XI In the event that the Government of either country adupts an,. measure which, even though it does not conflict with the terms of this