Page:United States Statutes at Large Volume 62 Part 2.djvu/478

 to radvfict^sn."t AND WHEREAS the Senate of the United States of America, by their resolution of June 17, 1948, two-thirds of the Senators present concurring therein, did advise and consent to the ratification of the tReservatin to A - aforesaid convention subject to a reservation, as follows: "The Government of the United States of America does not Ante, p. 1734 accept Article XII of the convention relating to gains from the sale or exchange of capital assets." AND WHEREAS the text of the aforesaid reservation was com- municated by the Government of the United States of America to the Government of Denmark and thereafter the Government of Denmark gave notice of its acceptance of the aforesaid reservation; Ratifcation. AND WHEREAS the aforesaid convention was duly ratified by the President of the United States of America on November 24, 1948, in pursuance of the aforesaid advice and consent of the Senate and subject to the aforesaid reservation, and the said convention, with the excep- Ante, p. 1734 tion of Article XII thereof, was duly ratified on the part of Denmark; ments ofratif iation AND WHEREAS the respective instruments of ratification of the aforesaid convention were duly exchanged at Washington on Decem- ber 1, 1948, and a protocol of exchange of instruments of ratification, in the English and Danish languages, was signed on that date by the respective Plenipotentiaries of the United States of America and Denmark, the English text of which protocol reads in part: "it is the understanding of both Governments that Article XII of the con- vention aforesaid shall be deemed to be deleted and of no effect."; ffetied tes.7 AND WHEREAS it is provided in Article XXIII of the aforesaid convention that upon the exchange of instruments of ratification the convention shall have effect (a) in the case of United States tax, for the taxable years beginning on or after the first day of January of the year in which such exchange takes place, and (b) in the case of Danish tax, for the taxable years beginning on or after the first day of April of the year in which such exchange takes place; Proclamation. Now, THEREFORE, be it known that I, Harry S. Truman, President of the United States of America, do hereby proclaim and make public the aforesaid convention to the end that the said convention and each and every article and clause thereof, subject to the aforesaid reserva- tion, may be observed and fulfilled with good faith by the United States of America and by the citizens of the United States of America and all other persons subject to the jurisdiction thereof. IN TESTIMONY WHEREOF, I have hereunto set my hand and caused the Seal of the United States of America to be affixed. DONE at the city of Washington this eighth day of December in the year of our Lord one thousand nine hundred forty- [SEAL] eight and of the Independence of the United States of America the one hundred seventy-third. HARRY S TRUMAN By the President: ROBERT A LOVETT Acting Secretary of State 1756 TREATIES [62 STAT.

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