Page:United States Statutes at Large Volume 62 Part 2.djvu/727

 61 Stat., Pt. 5, P. A40. 61 Stat., Pt. 5, p. A4. 61 Stat., Pt. 5, p. A40. 61 Stat., Pt. 5, p. A34. 61 Stat., Pt. 5, pp. A32-A49. 60 Stat. 1410 . INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. such consultation has taken place and which the CONTRACTING PARTIES have not found unjustifiable, or their adaptation to changing cir- cumstances, shall be subject to any limitations of a general character which the CONTRACTING PARTIES may prescribe in the light of the contracting party's circumstances. (h) The CONTRACTING PARTIES may, if they deem such action necessary in exceptional circumstances, make representations to any contracting party entitled to take action under the provisions of sub- paragraph (c) that conditions are favourable for the termination of any particular deviation from the provisions of Article XIII, or for the general abandonment of deviations, under the provisions of that sub- paragraph. After March 1, 1952, the CONTRACTING PARTIES may make such representations, in exceptional circumstances, to any con- tracting party entitled to take action under Annex J. The contracting party shall be given a suitable time to reply to such representations. If the CONTRACTING PARTIES find that the contracting party persists in unjustifiable deviation from the provisions of Article XIII, the con- tracting party shall, within sixty days, limit or terminate such devia- tions as the CONTRACTING PARTIES may specify. "2. Whether or not its transitional period arrangements have termi- nated pursuant to paragraph 1 (f), a contracting party which is apply- ing import restrictions under Article XII may, with the consent of the CONTRACTING PARTIES, temporarily deviate from the provisions of Article XIII in respect of a small part of its external trade where the benefits to the contracting party or contracting parties concerned substantially outweigh any injury which may result to the trade of other contracting parties. "3. The provisions of Article XIII shall not preclude restrictions in accordance with the provisions of Article XII which either (a) are applied against imports 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 until December 31, 1951, by measures not involving substantial departure from the provisions of Article XIII, another country whose economy has been disrupted by war. "4. A contracting party applying import restrictions under Article XII shah not be precluded by Articles XI to XV, inclusive, of this Agree- ment from applying measures to direct its exports in such a manner as to increase its earnings of currencies which it can use without deviation from the provisions of Article XIII. "5. A contracting party shall not be precluded by Articles XI to XV, inclusive, of this Agreement from applying quantitative restrictions (a) having equivalent effect to exchange restrictions authorized under Section 3 (b) of Article VII of the Articles of Agreement of the International Monetary Fund; or

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