Page:United States Statutes at Large Volume 58 Part 2.djvu/658

 1578 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [58 STAT. end and in agreement with the stipulations of Article 3 of the afore- mentioned Executive Decree No. 235 dated October 9, 1942, the Federal Executive, by means of the respective Ministry, will designate the Agency as the entity exclusively authorized to buy the rubber not necessary for internal consumption. The essential needs of Vene- zuela, as regards raw rubber and reclaimed rubber, including the rubber contained in rubber products, is fixed by the present agreement at a maximum of eight hundred tons annually of washed and dried rubber or its equivalent; but the High Contracting Parties have agreed that this amount may be increased by mutual agreement when it is demonstrated that a larger amount is needed to satisfy the country's requirements. Prices. Fourth: The Government of the United States of America and the Government of the United States of Venezuela agree that the pur- chases of rubber products made by the Reserve Agency, in accordance with the stipulations of this agreement, will be made at the net market prices which were in effect on the first of June, 1942, in the territory of Venezuela. Nevertheless, those prices may be increased through agreements between both Parties in order to make the necessary adjustments to the increase in the price of raw rubber or of any other material which is required in the manufacture of the products. Basic price Fifth: The Government of the United States of America and the Government of the United States of Venezuela agree that the basic price per pound (Kgs. 0.4536) which will be paid by the Reserve Agency in the rubber purchases which it may make in accordance with this agreement for export will be forty-five (45) cents United States Currency, in the Venezuelan ports of Ciudad Bolivar or Cari- pito, or any other port which may be chosen by mutual agreement, for the equivalent of the quality "Upriver Acre Fine", (washed and dried), and of thirty-three (33) cents, also United States Currency, per pound (Kgs. 0.4536) for the good common quality Castilloa "Scrap", as it is known il New York, with the corresponding differ- ences in the prices for the other types and qualities. It is understood that the basic price, together with the aforementioned differences, utxed price." will be called "the fixed price". The prices which the Agency will Post, p. 1584. pay in the purchases it makes in other points of the interior of Vene- zuela will be constituted by "the fixed price", less the cost of trans- portation expenses from the point where the purchase is made to the aforementioned ports of Ciudad Bolivar and Caripito. It is agreed that the Government of the United States of Venezuela will cause to be established the fixed price for all sales of rubber for domestic consumption or use within the country. The Parties agree that the fixed basic price may be modified or adjusted during the time this agreement is in effect, in order to adapt it to the new conditions or remiuma circumstances which may arise. Reserve will pay, also, besides the indicated prices, premiums for its rubber purchases in Venezuela. The said premiums will be paid to the Government of the United States of Venezuela thus: two and one-half (2-Y) cents, United States Currency, per pound (Kgs. 0.4536) on all the rubber bought which exceeds three hundred tons and does not exceed seven hundred tons

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