Page:United States Statutes at Large Volume 57 Part 2.djvu/684

 1320 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [57 STAT. to the defense of the hemisphere against armed aggression and to the maintenance of the economy of Brazil and of other American republics. One of the concrete projects with respect to the development of the resources of Brazil which has been discussed between Your Excellency's Government and the Brazilian Economic Mission, which I have the honor to head, is the one relating to the increase of the production of rubber in the Amazon Valley and adjacent regions. Our discussions on this subject have now reached the stage where I believe it is possible to suggest the following points for the said project: 1. The Rubber Reserve Company, in order to cooperate with the Brazilian Government in the development of rubber in the Amazon Valley and adjacent regions, will establish a fund of five million dollars to be used to increase the production of rubber in the said valley and regions. It is to be hoped that the expenditure of this sum will result in the increase of exportation of Brazilian rubber to the United States of America, in an annual volume of not less than 25,000 tons. 2. The Bank of Brazil or other department or agency of the Bra- zilian Government will become the sole and final purchaser of rubber, both for exportation and for domestic consumption, with the excep- tion of the Rubber Reserve Company which, in accord with the Bank of Brazil, will be able to purchase rubber for its own account. The Brazilian Government after reserving quantities adequate for its domestic needs will establish export quotas with a view to furnishing to the United States of America the greatest quantity of rubber. 3. The Rubber Reserve Company will make a five-year agreement with the Bank of Brazil or other department or agency of the Brazilian Government for the acquisition of rubber produced in Brazil. 4. The Rubber Reserve Company will cooperate with the Instituto Agron6niico do Norte in the solution of the scientific problems of the developlmelt of rubber production in the Amazon Valley and adjacent regions. 5. Tle Brazilian Government will cooperate fully with the Govern- ment of the United States of America to increase the production of crude and manufactured rubber in Brazil. 6. In compliance with resolution XXX approved in the Consulta- tive Meeting of Ministers of Foreign Affairs of the American Re- publics held at Rio de Janeiro, the Government of the United States of America will furnish the services of the Division of Health and Sanitation established by the Office of the Coordinator of Inter- American Affairs for the development works of the Amazon Valley and adjacent regions, with the objective of carrying out there a pro- gram of improvement of sanitary conditions in collaboration with official agencies of other American republics. In the name of the Brazilian Government and in accordance with the understandings which the Brazilian Economic Mission reached

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