Page:United States Statutes at Large Volume 54 Part 2.djvu/191

 TREATIES Agreement between the United States of America and Great Britainfor the exchange of cotton and rubber. Signed at London June 23, 1939; ratification advised by the Senate of the United States June 29, 1939; ratified by the Presidentof the United States July 17, 1989; ratification of the United States deposited at London August 25, 1939; effective by exchange of notes August 25, 1939; proclaimed by the Presidentof the United States September 6, 1939. BY 'HE PREIDENT OF THE UNrrD STATES OF AMERICA. A PROCLAMATION. WHEREAS an agreement between the Government of the United States of America and the Government of the United Kingdom of Great Britain and Northern Ireland for the exchange of cotton and rubber was concluded and signed by their respective Plenipoten- tiaries at London on the twenty-third day of June, one thousand nine hundred and thirty-nine, the original of which agreement is word for word as follows: AGREEMENT BETWEEN THE GOVERNMENTS OF THE UNITED STATES OF AMERICA AND THE UNITED KINGDOM FOR THE EXCHANGE OF COTTON AND RUBBER. THE Government of the United States of America and the Govern- ment of the United Kingdom of Great Britain and Northern Ireland, desiring to make arrangements for the exchange of cotton and rub- ber, have agreed as follows- ARTICLE 1. The United States Government will supply to the Government of the United Kingdom, delivered on board ship, compressed to high density, at New Orleans, Louisiana, and at other Gulf and Atlantic deep water ports to be agreed upon between the two Governments, 600,000 bales of raw cotton of the grades and staples which will be specified by the Government of the United Kingdom. The United States Government will make available in adequate quantities for such purpose cotton from the stock on which the United States Gov- ernment has made advances to growers. (a) The price will be fixed on the basis of the average market price as published by the Bureau of Agricultural Economics for middling X-inch cotton during the period January st-June 23rd, 1939, for spot delivery at New Orleans, plus 0.24 cent per 1411 June 23, 1939 [T. S. No. 947] Preamble. Delivery of raw eo tonbyU.S. Detwnrtatim af Price. Text.

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