Page:United States Statutes at Large Volume 62 Part 3.djvu/1070

 62 STAT.] MULTILATERAL-TARIFFS AND TRADE-SEPT. 14, 1948 under paragraph 3 or can constitute a form of dumping by means of a partial depreciation of a country's currency which may be met by action under paragraph 2. By 'multiple currency practices' is meant practices by Governments or sanctioned by Governments." (iii) The following shall be inserted in Annex I immediately after the interpretative notes relating to article XVII: "AD ARTICLE XVIII "ParagraphS "The clause referring to the increasing of a most-favoured-nation rate in connexion with a new preferential agreement will only apply after the insertion in article I of the new paragraph 3 by the entry into force of the amendment provided for in the Protocol Modifying Part I and article XXIX of the General Agreement on Tariffs and Trade, dated 14 September 1948. "Paragraph7 (a) (ii) and (iii) "The word 'processing', as used in these sub-paragraphs, means the transformation of a primary commodity or of a by-product of such transformation into semi-finished or finished goods but does not refer to highly developed industrial processes." 2. This Protocol shall, following its signature at the close of the second session of the CONTRACTING PARTIES, be deposited with the Secretary-General of the United Nations. 3. The deposit of this Protocol will, as from the date of deposit,[l constitute the deposit of the instrument of acceptance of the amendment set out in paragraph 1 of this Protocol by any contracting party the representative of which has signed this Protocol without any reservation. 4. The instruments of acceptance of those contracting parties which have not signed this Protocol, or which have signed it with a reserva- tion as to acceptance, will be deposited with the Secretary-General of the United Nations. 5. The amendment set out in paragraph 1 of this Protocol shall, upon the deposit of instruments of acceptance pursuant to paragraphs 3 and 4 of this Protocol by two-thirds of the Governments which are at that time contracting parties, enter into force in accordance with the provisions of article XXX of the Agreement. 6. The Secretary-General of the United Nations will inform all interested Governments of each acceptance of the amendment set out in this Protocol and of the date upon which such amendment enters into force.[2] ' Deposited Sept. 23, 1948. 2 Entered into force Dec. 14, 1948. In a communication of Jan. 14, 1949, from the Secretary-General of the United Nations to the Secretary of State it was stated that the following signatory countries, which signed the Protocol with reservations as to acceptance, had deposited their instruments of acceptance: Canada, Dec. 1, 1948; Ceylon, Oct. 13, 1948; China, Dec. 14, 1948; India, Dec. 9, 1948; and the United Kingdom of Great Britain and Northern Ireland, Dec. 13, 1948. 3691 Ante, p. 3682. Ante, p. 3682. 61 tat., Pt.5, p. 89. Deposit. Ante, p. 3680. Instruments of ac- ceptance. Ante, p. 3680. 61 tat., Pt.a,p. 74.

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