Page:United States Statutes at Large Volume 62 Part 2.djvu/381

 62 STAT.] INTER-AMERICAN-COFFEE AGREEMENT-OCT. 1, 1947 which were duly deposited in the Pan American Union on June 11, 1943, and September 11, 1944, respectively, in accordance with the provisions of Article XXIV of the Agreement: 55 Stat. 1172. AND WHEREAS by a Protocol signed and deposited with the Pan American Union under date of October 1, 1945, the said Agree- 60 stat. 1359. ment was extended for one year from October 1, 1945, with cer- tain changes recommended by the Inter-American Coffee Board. AND WHEREAS by a Protocol signed and deposited with the Pan American Union under date of October 1, 1946, the said Agree- p.61 Stat. , Pt. 2 ment was extended for one year from October 1, 1946, subject to certain conditions recommended by the Inter-American Coffee Board. Now, THEREFORE, in support of a recommendation made by the Inter- American Coffee Board on September 11, 1947, the Governments signatory to the present Protocol, considering that it is feasible, pending further efforts toward completion of international and inter-American arrangements for dealing with commodity prob- lems, that the Agreement should be prolonged for one additional year, subject 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 to the present Protocol for a period of one year from October 1, 1947. Article 2 During the period specified in Article 1 above, the Governments signatory to the present Protocol agree that the provisions of Article I through and including VIII of the Agreement shall be inoperative. Article 3 (a) During the period specified in Article 1 above, the Inter- American Coffee Board shall undertake to complete by April 1, 1948, its recommendations for the consideration of the governments now participating in the Agreement and of other governments that might be interested in participating in an understanding regarding the type of cooperation, whether inter-American or other international, that appears most likely to contribute to the development of sound and prosperous conditions in international trade in coffee equitable for both consumers and producers. (b) Such recommendations shall be in accordance with general prin- ciples of commodity policy which are embodied in the Chapter on Inter-governmental Commodity Arrangements drafted in the First Session of the Preparatory Committee on the United Nations Con- ference on Trade and Employment or which may be embodied in the Charter for an International Trade Organization if such Charter is concluded prior to the submission of such recommendations by the Board. Continuance in force. Inoperative provi- sions. 55 Stat. 1146-1158 . Inter-American Coffee Board. Recommendations. 1659

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