Page:United States Statutes at Large Volume 54 Part 2.djvu/572

 hibitions or restrictions on importations and exportations each of the two countries will accord, whenever they may have recourse to the said prohibitions or restrictions, to the commerce of the other country treatment equally favorable to that which is accorded to any other country and that in the event either country establishes or maintains import or customs quotas, or other quantitative restrictions, or any system of foreign exchange control, the share of the total permissible importation of any product or of the total exchange made available for importation of any product of the other country shall be equal to the share in the trade in such product which such other country enjoyed in a previous representative period. Article III Treatment of ves- Vessels of the United States of America will enjoy in Iraq and Iraqi vessels will enjoy in the United States of America treatment not less favorable than that accorded to national vessels or the vessels of the most favored nation. coasting trade. The coasting trade of the High Contracting Parties is exempt from the provisions of this Article and from the other provisions of this Treaty, and is to be regulated according to the laws of each High Contracting Party in relation thereto. It is agreed, however, that vessels of either High Contracting Party shall enjoy within the ter- ritory of the other with respect to the coasting trade the most- favored-nation treatment. Article IV Reservaons. Nothing in this Treaty shall be construed to prevent the adoption Gold or silver. of measures prohibiting or restricting the exportation or importation Munitions. of gold or silver, or to prevent the adoption of such measures as either Government may see fit with respect to the control of the export or sale for export of arms, ammunition or implements of war, and in Neutrality, etc. exceptional circumstances, all other military supplies. It is agreed, further, that nothing in this Treaty shall be construed to prevent the adoption or enforcement of measures relating to neutrality or to rights and obligations arising under the Covenant of the League of Nations. Subject to the requirement that, under like circumstances and con- ditions, there shall be no arbitrary discrimination by either High Contracting Party against the other High Contracting Party in favor of any third country, nothing in this Treaty shall be construed to Protection ohealth, restrict the right of either High Contracting Party to impose (1) pro- ureW hibitions or restrictions designed to protect human, animal, or plant health or life or national treasures of artistic, historical or archaeolog- State monopolies. ical value; (2) prohibitions or restrictions applied to products which as regards production or trade are or may in the future be subject within the country to state monopoly or monopolies exercised under state con- Revenue or police trol; or (3) regulations for the enforcement of revenue or police laws. Fsoreign.prs of Each of the High Contracting Parties agrees that, in respect of the foreign purchases of any state monopoly for the importation, produc- tion, or sale of any commodity or of any agency having such monopoly privileges, the commerce of the other High Contracting Party shall 1792 TREATIES [54 STAT.

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