Page:United States Statutes at Large Volume 57 Part 2.djvu/450

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [57 STAT. ARTICLE XI Quantitstie regu- 1. No prohibition, restriction or any other form of quantitative regulation, whether or not operated in connection with any agency of centralized control, shall be imposed by Iceland on the importation or sale of any article the growth, produce or manufacture of the United Post, p. 1092. States of America enumerated and described in Schedule I, or by the United States of America on the importation or sale of any article the growth, produce or manufacture of Iceland enumerated and described Post, p. 1094. in Schedule II. 2. The foregoing provisions shall not prevent the Government of either country from imposing quantitative regulations in whatever form on the importation or sale of any article in conjunction with governmental measures or measures under governmental authority operating to regulate or control the production, market supply, quality or prices of like domestic articles, or tending to increase the labor costs of production of such articles, or to maintain the exchange value of the currency of the country. Whenever the Government of either country proposes to impose or substantially alter any quantita- tive regulation authorized by this paragraph, it shall give notice thereof in writing to the other Government and shall afford such other Government an opportunity to consult with it in respect of the pro- posed action; and if agreement with respect thereto is not reached the Government which proposes to take such action shall, nevertheless, be free to do so and the other Government shall be free within thirty days after such action is taken to terminate this Agreement in whole or in part on thirty days' written notice. ARTICLE XII Adjustment of measures impairing objects of agreement. Scope of agreement. If the Government of either country should consider that any circumstance, or any measure adopted by the other Government, even though it does not conflict with the terms of this Agreement, has the effect of nullifying or impairing any object of the Agreement or of prejudicing an industry or the commerce of that country, such other Government shall give sympathetic consideration to such written representations or proposals as may be made with a view to effecting a mutually satisfactory adjustment of the matter. If agreement is not reached with respect to the matter within thirty days after such representations or proposals are received, the Government which made them shall he free, within fifteen days after the expiration of the aforesaid period of thirty days, to terminate this Agreement in whole or in part on thirty days' written notice. ARTICLE XIII 1. The provisions of this Agreement relating to the treatment to be accorded by the United States of America and Iceland, respectively, to the commerce of the other country shall apply to the respective customs territories of the two countries. 1086

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