Page:United States Statutes at Large Volume 54 Part 2.djvu/193

 54 STAT.] GREAT BRITAIN--COTTON AND RUBBER-JUNE 23, 1939 be agreed upon by the two Governments, and such inspection and acceptance will be made within a reasonable time after the rubber is so made available. Delivery at the warehouse at the port of shipment with provision for free delivery on board ship will be made within a period of 15 days after in- spection and acceptance, and storage and insurance charges will be borne by the Government of the United Kingdom for a period of two weeks but no more after delivery at the ware- house at the port of shipment. ARTICLE 3. If either Government should find that delivery in accordance with the arrangements specified in Articles 1 and 2 is likely to restrict supplies available to commercial markets unduly or to stimulate undue price increases, the two Governments shall consult with a view to postponing delivery or taking other action in order to avoid or minimise such restriction of supplies or such price increases. 1413 Consultation to avoid restriction of supplies, etc. ARTICLE 4. The intention of the United States Government and of the Govern- ment of the United Kingdom being to acquire the reserves of cotton and rubber, respectively, against the contingency of a major war emergency, each Government undertakes not to dispose of its stock (otherwise than for the purpose of replacing such stocks by equivalent quantities in so far as may be expedient for preventing deterioration) except in the event of such an emergency. If, how- ever, either Government should at any future date decide that the time has come to liquidate its stock of cotton or rubber, as the case may be, it may do so only after (a) consulting the other Government as to the means to be employed for the disposal of such stock, and (b) taking all steps to avoid disturbance of the markets. In no case may either Government dispose of such stocks, except in the case of a major war emergency, before a date seven years after the com- ing into force of this Agreement. Purpose of acquir- ing reserves declared. Mutual restriction on disposal of stocks. Consultation, etc., before liquidation. Adlitional dli.s 'lpo iestriction; exception ARTICLE 5. The Government of the United Kingdom will use their best en- deavours to secure that the export is permitted under the Interna- tional Rubber Regulation Scheme of an amount of rubber approxi- mately equivalent to the amount of rubber to be supplied to the United States Government under this Agreement in addition to the amount of rubber which would, under the normal operation of the Scheme, be released to meet current consumption needs. Additional exports under International Rubber Regulation Scheme. ARTICLE 6. Each Government undertakes, in shipping to its own ports the stocks of cotton and rubber, respectively, provided for in this Agree- ment, so far as may be possible to distribute the tonnage equally Distribution of ton- nage between ships of both countries.

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