Page:United States Statutes at Large Volume 57 Part 2.djvu/747

 iMULTILATERAL-WHEAT-APR. 22, 1942 5. If the conference contemplated above shall have met and con- cluded an agreement prior to the cessation of hostilities, no further action will be needed by the countries represented at the Washington Meeting. However, if this is not the case, it will be necessary, in order to prevent disorganization and confusion in international trade in wheat, to institute temporary controls pending the conclu- sions of the conference. Accordingly the five countries agree that in the period following the cessation of hostilities and pending the con- clusion of a wheat agreement at the conference referred to the ar- rangements described in the attached Draft Convention which relate to the control of production, stocks and exports of wheat and to the administration thereof will be brought into effect among themselves. Those arrangements will come into effect on such date as may be unanimously agreed. Announcement of that date will be made within six months after the cessation of hostilities. 6. Pending the conclusions of the conference contemplated above, the five countries, on the cessation of hostilities or such earlier date as they may agree, will regard as in effect among themselves the arrangements described in the attached Draft Convention for the control of the prices of wheat. The determination of prices required to be made in accordance with those arrangements will be made by unanimous consent. If no determination of prices has been made on the cessation of hostilities, the five countries will, pending such deter- mination but for a period not exceeding six months, maintain as the export price of wheat the last price negotiated by the United Kingdom for a bulk purchase of wheat from the principal country of supply: equivalent f.o.b. prices will be calculated for wheats of the other exporting countries and will be adjusted from time to time to meet substantial changes in freight and exchange rates. 7. In taking any decisions under this Memorandum and the ar- rangements of the Draft Convention which it brings into opIeration each of the five countries will have one vote and a two-thirds Iiajority will be required for decision except as otherwise provided herein. 8. The provisions of this Memorandum will be superseded by any agreement reached at the proposed wheat conference or by any ar- rangements which the five countries and other interested countries may make to deal with the period pending such a conference. In any event they are to terminate two years from the cessation of hostilities. AMV. For Argentina E. McC For Australia C.F.W. For Canada H.F.C. For the United Kingdom LAW WASHINGTON, For the United States April 22, 1942. If agreement con- cluded prior to cessa- tion of hostilities. Temporary controls. Prices of wheat. l)ecisions takcinln- der Mfrlloriaulllitllll Ilt D)raft ('iIIIX t . 'l'erlillation of pro- visioIs. 1383 57 STAT.]

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