Page:United States Statutes at Large Volume 58 Part 2.djvu/659

 58 STAT.] VENEZUELA-RUBBER PRODUCTION-OCT. 13, 1942 in any one year that this agreement is in effect, and five (5) cents, United States Currency, per pound (Kgs. 0.4536) on all rubber bought which exceeds seven hundred tons during any one year that this agreement is in effect. The sum total of these premiums will be paid by Reserve at the National Treasury of Venezuela, through the payment of the corresponding vouchers by the appropriate agency, as the rubber is exported and on each amount exported. On its part, the Government of the United States of Venezuela binds itself to expend an equal amount to the value of the bonuses paid by the Re- serve Agency in the immediate development of production and in the betterment of the quality of wild rubber existing in the Territory of the Republic, to which end Reserve may make the adequate sugges- tions. It has been agreed that Reserve will be able to charge the total of the bonuses to the unexpended balance of the Development Fund which is mentioned in the next clause. Sixth: The Government of the United States of America, by means of Reserve, agrees to establish a Development Fund, of up to five hundred thousand dollars ($500,000. -) which Reserve will spend, in accord with the Government of the United States of Venezuela and in the amounts which may be considered requisite or necessary to the purposes of this agreement, in the development and increase of rubber production, as well as in the improvement of the quality of the same existing in Venezuela, in the improvement of the methods employed in its production, in the stimulating of conditions for maximum pro- duction and in permanent works and transportation vehicles, so long as they tend to obtain rubber production on a large scale. The Agency may, as long as there are unexpended funds, utilize part of the same in advancing supplies to the rubber workers, it being understood that once these supplies are paid for, the corresponding sums will be credited to the fund to be employed for the purposes already stated. When special circumstances may so advise it, the Agency may utilize also part of these funds in the payment of special premiums to producers when they are considered conducive to the production of rubber on a large scale. The Government of the United States of Venezuela, in accord with the Agency, will appoint a consultant, paid by the same Government, whose functions will consist in indicating to the said Agency the most adequate procedures to secure a maximum yield in rubber production in Venezuela. Seventh: In order to obtain maximum rubber production, the Gov- ernment of the United States of Venezuela agrees to take adequate measures which tend to assure an equitable participation in the prices paid by the Agency to all the classes of persons who participate in rubber producing operations and to assure, furthermore, that the prices that the said workers pay for the articles which they need for their use and consumption be fair and equitable. To attain this end, the Government of the United States of Venezuela will fix the wages of the workers as well as the prices that the latter will have to pay in their turn for the articles of use and consumption which they may need. The Government of the United States of Venezuela will take steps that the prices fixed by it will be published in all the localities 1579 Establishment of a Development Fund. Consultant. Workers' wages; price fixing.

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