Page:United States Statutes at Large Volume 62 Part 3.djvu/276

 2884 Entry into force; duration. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. shall be without prejudice to the application of the principles set forth in the Havana Charter for an International Trade Organization [1] 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 area in western Germany referred to in point 1 above may have the effect of indirectly subsidizing the exports of such area 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 Denmark to levy a countervailing duty on imports of such goods equivalent to the esti- mated amount of such subsidization, where the Government of Denmark 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. 5. The undertakings in this note will enter into force on the day on which the Government of Denmark notifies the Government of the United States of America that this note has been ratified [21 and 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 intention 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. JOSIAH MARVEL Jr. His Excellency, GUSTAV RASMUSSEN, Royal MinisterforForeign Affairs, Copenhagen. The Danish Ministerfor Foreign Affairs to the American Ambassador UDENRIGSMINISTERIET. 0. P. I.Journal Nr. 73.D. 139. COPENHAGEN, June 29, 1948. SIR, I have the honour to refer to the conversations which have recently taken place between representatives of our two Governments relating to..the territorial application of commercial arrangements between 1 Department of State publication 3117. 2 Entered into force July 2, 1948, the date on which the Danish Charge d'Affaires ad interim at Washington notified the Department of State of the ratification of this note by Denmark.

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