Page:United States Statutes at Large Volume 59 Part 2.djvu/1130

 1813 59 STAT.] ARGENTINA-FUEL AND VEGETABLE OIL-MAY 9, 1945 (ii) the U.S. Commercial Company representative will be promptly informed of all export licenses applied for in accordance with the proceding clause. (iii) arrangements will be made to keep the Argentine Gov- ernment informed of quotas established by the Combined Food Board in favor of European nations for Argentine products covered by this paragraph. 3. The Argentine Government hereby undertakes to facilitate by all the means in its power the consummation of the purchases at the prices herein named and particularly the availability of the products covered by this paragraph to meet necessary loadings of vessels, es- pecially those of the Compania Argentina de Navegaci6n Dodero S.A ., which are under contract to the Government of the United States of America for that purpose. D. CONTAINERS In the event that it should prove necessary to purchase all or part of the solid products covered herein in bags, the Argentine Govern- ment will agree to supply new or used burlap bags and/or new cotton bags to exporters at a price which will result in a surcharge of not more than US $6.55 (Six dollars and fifty-five cents) for the burlap bags and US $8.33 (Eight dollars and thirty-three cents) for the cot- ton bags per metric ton of product, f.o.b. Buenos Aires, added to the foregoing prices. E. DESTINATIONS AND FoRMs OF PAYENT The destinations of the products which it is proposed to export from Argentina under the present agreement, will be determined by the U.S. Commercial Company, and the Argentine Government agrees to accept payment for purchases made by the U.S. Commercial Com- pany for the account of nations other than the United States of Amer- ica, particularly Belgium, France, The Netherlands, Norway, Can- ada, Great Britain, Spain, Switzerland, Sweden and the Free State of Ireland, on the basis of the f.o.b. prices in dollars stipulated in this agreement, as follows: (1) In accordance with any existing exchange agreements between Argentina and such nations; (2) In the absence of an existing exchange agreement, the pay- ment shall in the first instance be made upon the usual terms and conditions and in the currencies of such nations, the f.o .b. price in the currencies of such nations to be determined by applying to the basic dollar f.o .b. prices named herein, the rate of conversion current at the time of each transaction between the currencies of such nations and the U.S. dollar; (3) Payments as set forth in sub-paragraph 2 above may, if so stipulated at the time by the Argentine Government, be made sub- ject to a readjustment to be carried out in accordance with any exchange agreements which may be concluded prior to December 31, 1946 between Argentina and the country of destination of the

�