Page:United States Statutes at Large Volume 54 Part 2.djvu/1237

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [54 STAT. Ante.p.2386. WHEFEAS, Schedule II annexed to the said definitive agreement provides in part as follows: Internal Revenue Rate of Import Code Section Description of Article Tax 3422 Crude petroleum, topped crude petroleum, and fuel oil derived from petroleum including fuel oil known as gas oil % per gal. Provided, That such petroleum and fuel oil entered, or withdrawn from warehouse, for consumption in any calendar year in excess of 5 per centum of the total quantity of crude petroleum processed in refineries in continental United States during the preceding calendar year, as ascertained by the Sec- retary of the Interior of the United States, shall - not be entitled to a reduction in tax by virtue of this item, but the rate of import tax thereon shall not exceed A per gal. An. p. 2378. WmEREAS, Article VII of the said definitive agreement reads as follows: "In the event the Government of the United States of America or the Government of the United States of Venezuela regulates imports of any article in which the other country has an interest either as regards the total amount permitted to be imported or as regards the amount permitted to be imported at a specified rate of duty, the Government taking such action shall establish in advance, and give public notice of, the total amount per- mitted to be imported from all countries during any specified period, which shall not be shorter than three months, and of any increase or decrease in such amount during the period, and if shares are allocated to countries of export, the share allocated to the other country shall be based upon the proportion of the total imports of such article from all foreign countries supplied by the other country in a previous representative period, account being taken in so far as practicable in appropriate cases of any special factors which may have affected or may be affecting the trade in that article." WHEREAS, Article VI of the Trade Agreement between the United States of America and the Kingdom of the Netherlands, entered 50 tat.1514. into on December 20, 1935,2 pursuant to the said Tariff Act of 1930, as amended, and now in force between the two countries, provides in part as follows: "7. If the Government of the United States of America estab- lishes or maintains any form of quantitative restriction or con- trol of the importation or sale of any article in which the King- dom of the Netherlands has an interest, or imposes a lower duty or charge on the importation or sale of a specified quantity of any such article than the duty or charge imposed on importations in excess of such quantity, the Government of the United States of America will allot to the Kingdom of the Netherlands a share of the total quantity of such article permitted to be imported or sold, or permitted to be imported or sold at such lower duty or 2458
 * [xecutive Agreement Series No 100.]

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