Page:United States Statutes at Large Volume 56 Part 2.djvu/394

 56 STAT.] ECUADOR-RECIPROCAL TRADE-MAR. 2, 1942 to trade between the two countries, the Governments of the two countries agree to apply and administer any control over such transactions as follows: 1. If the Government of either country establishes or maintains any form of control of the means of effecting international payments, it shall accord unconditional most-favored-nation treatment to the commerce of the other country with respect to all aspects of such control. 2. The Government establishing or maintaining such control shall impose no prohibition, restriction, or delay on the transfer of payment for any article the growth, produce, or manufacture of the other country which is not imposed on the transfer of payment for a like article the growth, produce, or manufacture of any third country. With respect to rates of exchange and with respect to taxes or charges on exchange transactions, articles the growth, produce, or manu- facture of the other country shall unconditionally receive treatment no less favorable than that accorded to like articles the growth, produce, or manufacture of any third country. The foregoing provisions shall also extend to the application of such control to payments incidental to or necessary for the importation of articles the growth, produce, or manufacture of the other country. In general, the control shall be administered so as not to influence to the disadvantage of the other country the competitive relationship between articles the growth, produce, or manufacture of that country and like articles the growth, produce, or manufacture of third countries. It is further understood that none of the provisions of paragraphs 1 and 2 above or of the trade agreement of August 6, 1938, as amended, shall prevent either of the two countries from adopting or putting into effect measures relating to public security or imposed for the protec- tion of the country's essential interests in time of war or other national emergency. I avail myself of this opportunity to renew to Your Excellency the assurances of my highest consideration. J. ToBAR DoNoso His Excellency BOAZ LONG, Envoy Extraordinaryand Minister Plenipotentiary of the United States of America, City. 1475

�