Page:United States Statutes at Large Volume 62 Part 2.djvu/377

 MULTILATERAL-SUGAR-AUG. 29, 1947 the 31st August, 1945, the 31st August, 1946, and the 31st August, 1947, respectively; Now, therefore, the Governments signatory of the present Protocol, considering that it is expedient that the Agreement should be prolonged for a further term as between themselves, subject, in view of the pres- ent situation, to the conditions stated below, have agreed as follows: - ARTICLE 1 Subject to the provisions of Article 2 hereof, the Agreement shall continue in force between the Governments signatory of this Protocol for a period of one year after the 31st August, 1947. ARTICLE 2 During the period specified in Article 1 above the provisions of Chap- ters III, IV and V of the Agreement shall be inoperative. Continuance in force. 1. The Governments signatory of the present Protocol recognise that revision of the Agreement is necessary and should be under- taken as soon as the time appears opportune. Discussion of any such revision should take the existing Agreement as the starting point. 2. For the purposes of such revision due account shall be taken of any general principles of commodity policy embodied in any agree- ments which may be concluded under the auspices of the United Na- tions. ARTICLE 4 Before the conclusion of the period of one year specified in Article 1, the contracting Governments, if the steps contemplated in Article 3 have not been taken, will discuss the question of a further renewal of the Agreement. ARTICLE 5 The present Protocol shall bear the date the 29th August, 1947, and shall remain open for signature until the 30th September, 1947; pro- vided however that any signatures appended after the 30th August, 1947, shall be deemed to have effect as from that date. In witness whereof the undersigned being duly authorised thereto by their respective Governments have signed the present Protocol. Done in London on the 29th day of August, 1947, in a single copy which shall be deposited in the archives of the Government of the United Kingdom of Great Britain and Northern Ireland, and of which certified copies shall be furnished to the signatory Governments. For the Government of the Union of South Africa: G. HEIATO NICHOLS. For the Government of the Commonwealth of Australia: JOHN A. BEASLEY. Revision of Agree- ment. Renewal. 62 STAT.] 1655 ARTICLE 3 Inoperative provi- sions.

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