Page:United States Statutes at Large Volume 58 Part 2.djvu/630

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [58 STAT. The American Ambassador to the Colombian Acting Minister for ForeignAffairs EMBASSY OF THE UNITED STATES OF AMERICA No. 189 Bogotd, March 29, 1943 YOUR EXCELLENCY: I have the honor to acknowledge the receipt of Your Excellency's note no. CM-336 of March 29, 1943, reading in translation as follows: "I have the honor to inform Your Excellency that the Government of Colombia, in its desire to increase its contribution to hemispheric defense and mindful of Resolution XV of Havana approved by Law number 20, 1941, of the Republic of Colombia, and the resolutions adopted by the Conference of Ministers at Rio de Janeiro on strategic materials, is disposed to facilitate the exploitation and production of such materials within its territories, as follows: Baic or strategic "1. The Government of Colombia will make available to the Gov- materials. Onpublc property. ernment of the United States of America, or to the respective official entities of that Government, all the basic or strategic materials neces- sary for the defense of the hemisphere found on public property. The exploitation and production of such items will be effected in accordance with the laws governing such matters. on prdiated pper "II The Government of Colombia will take the necessary steps to vatendividuals assure exclusive export to the United States of America of basic and strategic materials found on private property or produced by private Exportation. individuals. Such exportation may be effected through the agencies of the Government of the United States or directly by interested impcluiverightsnot parties. The foregoing does not imply any exclusive right of exploita- tion, production, purchase, sale, transportation, or commerce in such materials or products within the territory of the Republic to any person or entity whatsoever. "III. The Government of the United States will periodically inform the Colombian Government confidentially of such items considered as Minimumprices. basic or strategic for the purpose of carrying out this agreement. The Government of Colombia reserves the right to fix, in agreement with the Government of the United States and when it is considered de- sirable in view of the conditions of production and internal commerce, the minimum prices at which the agencies of the United States in Colombia will purchase specified articles from producers or owners. In such cases the two Governments will decide in common agreement the date from which such minimum prices shall enter into force. It is understood that until minimum prices are established for a specific product, in accordance with the understanding on this point, the agencies of the United States in Colombia shall be entitled to purchase this product at current market prices, without prejudicing the right of reimbursing the sellers for the differences in prices whenever it is desired that the date for the establishment of such minimum prices shall be retroactively fixed. 1550

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