Page:United States Statutes at Large Volume 62 Part 3.djvu/238

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. undertakings shall be without prejudice to the application of the prin- ciples set forth in the Havana Charter for an International Trade Organization ['] relating to the reduction of tariffs on a mutually advantageous basis. 4. It is recognized that the absence of a uniform rate of exchange for the currency of the areas in western Germany referred to in point 1 above may have the effect of indirectly subsidizing the exports of such areas to an extent which it would be difficult to calculate exactly. So long as such a condition exists, and if consultation with the Govern- ment of the United States of America fails to reach an agreed solution to the problem, it is understood that it would not be inconsistent with the undertaking in point 1 for the Government of Portugal to levy a countervailing duty on import of such goods equivalent to the esti- mated amount of such subsidization, where the Government of Portugal determines that the subsidization is such as to cause or threaten material injury to an established domestic industry or is such as to prevent or materially retard the establishment of a domestic industry. Duration. 5. The undertakings in this note shall remain in force until January 1, 1951, and unless at least six months before January 1, 1951, either Government shall have given notice in writing to the other of in- tention to terminate these undertakings on that date, they shall remain in force thereafter until the expiration of six months from the date on which such notice shall have been given. Please accept, Excellency, the renewed assurances of my highest consideration. LINCOLN MACVEAGH LISBON, September 28, 1948. His Excellency Dr. JOSE CAEIRO DA MATTA, Ministerfor Foreign Affairs, Lisbon. The Portuguese Ministerfor Foreign Affairs to the American Ambassador MINISTIRIO DOS NEG6CIOS ESTRANGEIROS LISBOA, 28 de Setembro de 1948. SENHOR EMBAIXADOR, Em referencia as conversacoes celebradas recentemente entre representantes dos nossos dois Governos Acerca da aplicagao terri- torial dos acordos comerciais entre Portugal e os Estados Unidos da America, tenho a honra de confirmar o entendimento a que se chegou como resultado dessas conversagSes, como segue: I Department of State publication 3117. 2846

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