Page:United States Statutes at Large Volume 57 Part 2.djvu/749

 MULTILATERAL-WHEAT-APR. 22, 1942 have the opportunity and means of increasing their purchases of wheat from areas which are equipped to produce it economically. They agree that such opportunity and means depend not only on the lowering of barriers to the importation of wheat but also on mak- ing available to wheat importing countries increased outlets for the exportation of goods which they in turn are equipped to produce economically. They agree that this requires the adoption and pur- suit of national and international policies aimed at a fuller and more efficient use among nations of human and natural resources and thereby a world-wide expansion of purchasing power. 2. Recognizing therefore that much that is called for transcends the scope of a wheat agreement and requires action on a broad inter- national basis, but that much also can be accomplished by national measures and by agreements with each other and with other coun- tries, the contracting Governments undertake to further in every way possible the attainment of the foregoing objectives. 3. The Council shall from time to time submit to the contracting Governments a review of international trade in wheat and invite them to consider, in the light of the foregoing, what measures may be adopted for the expansion of such trade. ARTICLE II (PRODUCITION CONTROL)* 1. The Governments of Argentina, Australia, Canada and the United States of America shall adopt suitable measures to ensure that the production of wheat in their territories does not exceed the quantity needed for domestic requirements and the basic export quotas and maximum reserve stocks for which provision is herein- after made. 2. Should nevertheless production in any country be found to have exceeded in any crop-year the quantity above prescribed, the Gov- ernment of that country shall before the end of that crop-year take such action as will result in the disappearance of the excess production within its territories before the end of the following crop-year or shall otherwise deal with such excess production as the Council may direct, except that if any part of the excess production is shown to the satisfaction of the Council to be due to a yield above the average of the preceding 20 years the Government of the country concerned may carry that part as provided in paragraph 3 (a) of Article III or deal with it in such other manner as may be agreed with the Council. 3. Pending the coming into force of paragraphs 1 and 2 of this Article, the Governments of Argentina, Australia, Canada and the United States of America shall adopt or maintain positive measures to control production with the object of minimizing the accumulation of excessive stocks. of the subject is possible, to include provisions for production control in other exporting countries and in importing countries. Review of inter- national trade in wheat. I )lsepositilon of'ex(wss , prodtllt ea11. Interim measures. 57 STAT.I 1385
 * NOTE: This Article to be expanded, when further international consideration

�