Page:United States Statutes at Large Volume 63 Part 2.djvu/879

 ANNEX B TO ARTICLE III Guaranteed Sales Crop-year August 1 to July 31 1949/50 1950/51 1951/52 1952/53 Equivalent in bushels for each crop-year ... . thousands of metric tons* ..... Australia 2, 177 2, 177 2, 177 2, 177 80,000 ,000 Canada 5, 527 5, 527 5, 527 5,527 203,069,635 France 90 90 90 90 3,306,934 United States of America** 4,574 4,574 4, 574 4,574 168,069,635 Uruguay 50 50 50 50 1, 837, 185 Total 12,418 12,418 12,418 12,418 456,283 ,389 metric tons of wheat for the purpose of relating quantities of wheat-flour to the quantities specified in this Annex. that these guaranteed sales do not include the minimum requirements of wheat of any Occupied Area for which the United States of America has, or may assume, supply responsibility, and that the necessity of meeting these requirements will be one of the factors considered in determining the ability of the United States of America to deliver its guaranteed sales under this Agreement. ARTICLE IV Recording of Transactions Against Guaranteed Quantities 1. The Council shall keep records for each crop-year of those trans- actions and parts of transactions in wheat which are part of the guaran- teed quantities in Annexes A and B to Article III. 2. A transaction or part of a transaction in wheat grain between an exporting country and an importing country shall be entered in the Council's records against the guaranteed quantities of those countries for a crop-year: (a) provided that (i) it is at a price not higher than the maximum nor lower than the minimum specified in or determined under Po t , p. 2182. Article VI for that crop-year, and (ii) the exporting country and the importing country have not agreed that it shall not be en- tered against their guaranteed quantities; and (b) to the extent that (i) both the exporting and the importing coun- try concerned have unfulfilled guaranteed quantities for that crop-year, and (ii) the loading period specified in the transaction falls within that crop-year. 3. If the exporting country and the importing country concerned so agree, a transaction or part of a transaction made under an agreement for the purchase and sale of wheat entered into prior to the entry into A4te, p. 217& force of Part 2 of this Agreement shall, irrespective of price but subject to the conditions in (b) of paragraph 2 of this Article, also be entered in the Council's records against the guaranteed quantities of those countries. 4. If a commercial contract or governmental agreement on the sale and purchase of wheat-flour contains a statement, or if the exporting country and the importing country concerned inform the Council that they are agreed, that the price of such wheat-flour is consistent with Po',p.21. the prices specified in or determined under Article VI, the wheat grain equivalent of such wheat-flour shall, subject to the conditions pre- 2178 TREATIES [63 STAT.
 * Unless the Council decides otherwise, 72 metric tons of wheat-flour shall be deemed equivalent to 100
 * In the event of the provisions of Article X being invoked by reason of a short crop it will be recognized

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