Page:United States Statutes at Large Volume 66.djvu/1199

 66 STAT.]

PROCLAMATIONS—JAN. 5, 1952

Cl5

ALLOCATING T A R I F F QUOTA ON CERTAIN PETROLEUM U N D E R THE VENEZUELAN TRADE AGREEMENT

PRODUCTS

BY THE PRESIDENT OF THE UNITED STATES O F AMERICA

January 5, 1952 [No. 2959]

A PROCLAMATION 1. WHEREAS on December 29, 1950 I proclaimed such allocation p.^^iJ.***' ^*- ^• among countries of production of the quantity of crude petroleum, topped crude petroleum, and fuel oil derived from petroleum, including fuel oil known as gas oil, entitled to a reduction in the rate of import tax during the calendar year 1951 not in excess of the annual amount equal to 5 per centum of the total quantity of crude petroleum processed in refineries in the continental United States during the preceding year as would be required or appropriate to carry out (1) the definitive trade agreement with Venezuela entered into on November 6, 1939 (54 Stat. 2377), particularly Article VII and Item 3422 of 54 Stat., Schedule II thereof, and (2) the trade agreement entered into on pp^.\378,*2387. P t. 2, October 30, 1947 consisting in part of the General Agreement on Tariffs and Trade (61 Stat. (Parts 5 and 6) A7, A l l, and A2051), particularly Article X III thereof; 2. WHEREAS under the terms of said proclamation of December 29, 1950 the aggregate quantity of crude petroleum, topped crude petroleum, and fuel oil derived from petroleum, including fuel oil known as gas oil, entitled to a reduction in the rate of import tax during the calendar year 1951 up to not in excess of an annual amount equal to 5 per centum of the total quantity of crude petroleum processed in refineries in continental United States during the preceding year was allocated among countries of export on the basis of the proportions of the total imports for consumption in the United States of America supplied during the calendar years 1946 through 1949, which years were representative of the trade in such products; 3. WHEREAS the proportions of total imports into the United States of America of such petroleum and fuel oil supplied by countries of export during the years 1946 through 1949 were as follows: Venezuela Kingdom of the Netherlands territories) Other foreign countries

(including its overseas

59.4 per centum 18.7 per centum 21.9 per centum

4. WHEREAS Venezuela has requested the allocation among the countries of export of the quantity of such petroleum and fuel oil entitled to a reduction in duty by virtue of the said Item 3422 of Schedule II annexed to the said definitive trade agreement with Vene- p.^2387 ***" ^^' ^' zuela and that the representative period specified in recital 2 hereof be retained for the calendar year 1952; 5. WHEREAS I find that, taking into account special factors affecting the trade, imports into the United States of America from all countries of such petroleum and fuel oil during the years 1946 through 1949 as specified in recitals 2 and 3 hereof are representative of the trade in such products; NOW, THEREFORE, I, HARRY S. TRUMAN, President of the S S » - ,^^^^^ United States of America, acting under and by virtue of the authority tax reduction, vested in me by the Constitution and the statutes, including section 350 of the Tariff Act of 1930, as amended, do proclaim that, of the t g u s c S total aggregate quantity of crude petroleum, topped crude petroleum, and fuel oil derived from petroleum, including fuel oil known as gas oil, entitled, during the calendar year 1952, to a reduction in the rate of import tax by virtue of the said Item 3422 of Schedule II of the said definitive trade agreement with Venezuela, no more than 59.4 p.Vss?^***" ^*- ^'

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