Page:United States Statutes at Large Volume 77.djvu/995

 77 STAT. ]

PROCLAMATION 3509-NOV. 30, 1962

963

Proclamation 3509 MODIFYING PROCLAMATION 3279 ADJUSTING IMPORTS OF PETROLEUM AND PETROLEUM PRODUCTS By the President of the United States of America A Proclamation

November 30. 1962

WHEREAS, pursuant to section 2 of the act of July 1, 1954, as amended (72 Stat. 678), findings and determinations have been made 19 USC 1352a. that adjustments in the imports of crude oil, unfinished oils, and finished products were necessary so that such imports would not threaten to impair the national security, such adjustments have been made by Proclamation 3279 (24 F.R. 1781) and modified by Proclamation 73 Stat. C25, 3290 (24 F.R. 3527), Proclamation 3328 (24 F.R. 10133), Proclama- C39; 74 Stat. C3i; tion 3386 (25 F.R. 13945), and Proclamation 3389 (26 F.R. 507); and loit'' ^°°^' WHEREAS, under subsection (f), section 257, of the Trade Expansion Act of 1962 (Public Law 87-794), such actions are now deemed 76 Stat. ssi. to have been taken pursuant to section 232 of that Act: and 19 USC 1352a ^

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note.

WHEREAS I find and determine that in order to enhance the ability 76 Stat. 377. of the petroleum industry to meet possible national security demands, ^^ "^ ^^^^' it is necessary to relate maximum levels of authorized imports into Districts I - IV to domestic production of crude oil and natural gas liquids and to adjust these levels; and WHEREAS I find and determine that certain revisions in the system of allocating imports will operate to maintain the competitive capability of refining companies of varying sizes and thus strengthen the national security: NOW, THEREFORE, I, JOHN F. KENNEDY, President of the United States of America, acting under and by virtue of the authority vested in me by the Constitution and the statutes, including section 232 of the Trade Expansion Act of 1962, do hereby proclaim that Proclamation 3279, as amended, is hereby further amended as follows: 1. Effective January 1, 1963, subparagraph (1) of paragraph (a) of section 2 is amended to read as follows: (a)(1) I n Districts I - IV, for a particular allocation period the maximum level of imports, subject to allocation, of crude oil, unfinished oils, and finished products other than residual fuel oil to be used as fuel shall be an amount equal to the difference between 12.2 percent of the quantity of crude oil and natural gas liquids produced in these districts during the period of six months which ends six months prior to the beginning of the allocation period and the quantity of imports of crude oil, unfinished oils, and finished products excepted by clause (4) of paragraph (a) of section 1 which the Secretary of the Interior estimates will be imported into Districts I - IV during the allocation, period. As used in this subparagraph, the term "natural gas liquids" "Natural gas means natural gas products and other hydrocarbons such as isopentane, liquids." propane, butane, propylene, and butylene, or mixtures thereof, recovered from natural gas by means other than refining. Within such maximum level, the imports of finished products other than residual fuel oil to be used as fuel shall not exceed the level of imports of such products into these districts during the calendar year 1957 and imports of unfinished oils shall not exceed 10 percent of the permissible imports of crude oil and unfinished oils. The maximum level of imports.

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