Page:United States Statutes at Large Volume 59 Part 2.djvu/266

 May 6, 1937 59 STAT.] MULTILATERA SUGAR- July 22, 1942; Aug. 31, 1944 habitual exporters, in order that they may be able in any particular year to export an unexpected surplus of output. Yugoslavia shall in any case have a claim on the reserve up to 12,500 tons during each year of the Agreement. France will be entitled to place upon the free market a possible surplus of production, whether home or colonial, up to the balance of the reserve after deducting any amount utilised by Yugoslavia. If in any year France does not utilise the balance of the reserve after deducting the amount of 12,500 tons available for Yugoslavia, the exports of Yugoslavia may be increased up to a maximum of 15,000 tons. (c) If there shall be allotted to the Commonwealth of the Philip- pines, under the provisions of Article 10, a basic export quota, that quota shall be subject in all respects to the same provisions as the export quotas set out in paragraph (a) of this Article. (d) In the event of a non-signatory Government acceding to the present Agreement in accordance with Article 49 a basic export quota may be assigned to it in agreement with the said Government by the Council acting by unanimity of the votes cast. ARTICLE 20. If the Council shall at any time decide by three-fifths of the votes cast that, having regard to the requirements of the market, additional supplies are desirable, it shall allot additional quotas to all the coun- tries concerned for such period (not exceeding one year) as it may decide, the additional quotas for each country being proportional to the basic quota of that country. The Council shall at the same time make a corresponding proportionate increase in the reserve quota. Yugoslavia shall have a claim on such increase in the reserve quota proportionate to its claim on the original amount of the reserve. Furthermore, the Council shall, in accordance with Article 10, allot to the Commonwealth of the Philippines an export quota equal to 4 per cent. of the aggregate of the additional quotas allotted, includ- ing the increase in the reserve quota. ARTICLE 21. (a) The Council shall be empowered for the year beginning the 1st September, 1937, and/or the year beginning the 1st September, 1938, to reduce export quotas by a uniform percentage not exceeding 5 per cent. if, after a survey of the probable requirements of the market for the year in question, it decides that such reduction is necessary. For this purpose export quotas shall be deemed to be the basic quotas after deducting any part of such quotas released under Article 24 (a) or adding any special allocations made under Article 24 (b) for the years in question. (b) In subsequent years, it shall be open to the Council to recom- mend at any time whether, and to what extent, a reduction would be desirable, but such reduction shall come into force only if all the members of the Council representing countries entitled to basic quotas or to participation in the reserve, consent to it. 931 Ante, p. 927. Pot, p. 940. Additional quotas. Reduction of quotes.

�