Page:United States Statutes at Large Volume 61 Part 5.djvu/48

 (1 SIlI.j I.NbKt L ;ItI.K M NT N TARIFFS ANI TRAI I-- . 3>. 1!47 disequilibrium in international trade and payments as to justify resort to paragraph 1 of this Article by contracting parties. If it appears at any date prior to March 1, 1952, that there has been a substantial and general improvement in international trade and payments, the CONT.tACTING PASTIES Lay review the situa- tion at that date. If, as a result of any such review, the CONTnACTING PAkiTIE£ determine that no such disequilibrium exists, the provisions of paragraph 1 of this Article shall be suspended, and all actions authorized thereunder shall cease six months after such determination. [1] 4. The provisions of Article XIII shall not preclude restric- tions in accordance with Article XII which either (a) are applied against inports from other countries, but not as among themselves, by a group of territories having a common quota in the International Monetary Fund, on condition that such restrictions are in all other respects consistent with the provisions of Article XIII, or (b) assist, in the period up to December 31, 1951, by measures not involving substantial departure from the provisions of Article XIII, another country whose economy has been disrupted by war. 5. The provisions of this Agreement shall not preclude: (a) restrictions with equivalent effect to exchange res- trictions authorized under Section 3 (b) of Article VII of the Articles of Agreement of the International Monetary Fund; f']or (b) restrictions under the preferential arrangements pro- vided for in Annex A [] of this Agreement, subject to the conditions set forth therein. 1 [Pot, p. A88.] 160 StL 141P.1 . Pout, p. A76.] A47

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