Page:United States Statutes at Large Volume 88 Part 2.djvu/1195

 88 STAT. ]

PROCLAMATION 4317-SEPT. 27, 1974

The Administrator advises me that the changes set forth in this proclamation are consistent with the national security objectives of Proclamation No. 3279, as amended, and recommends that such changes be made.

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I agree with the foregoing recommendations and findings of the Administrator. NOW, THEREFORE, I, GERALD R. FORD, President of the United States of America, acting under and by virtue of the authority vested in me by the Constitution and laws of the United States, including section 232 of the Trade Expansion Act of 1962, as amended, do hereby proclaim that, effective the date of this proclamation. Proclamation No, 3279, as amended, is hereby amended as follows: 1. Subparagraph (2) of paragraph (d) of Section 2 is amended to read as follows: " (2) Entries for consumption of imports from Canada by pipeline may be made until midnight, May 15, of the allocation period following the allocation period in which any license authorizing such imports from Canada was issued." 2. Subparagraph (3) of paragraph (b) of section (4) is amended to read as follows: " (3) Except for (i) crude oil or unfinished oils imported under license or licenses for which a fee has been charged, (ii) crude oil sold, bought, or exchanged in order to comply with other Federal Energy Administration regulations, or (iii) crude oil or unfinished oils imported pursuant to specific relief granted pursuant to section 5, such regulations shall require that imported crude oil and unfinished oils be processed in the licensee's refinery or petrochemical plant, except that imported crude oil or unfinished oils other than Canadian imports may be exchanged for domestic crude or unfinished oils if such exchanges are otherwise lawful, are effected on a current basis and reported in advance to the Administrator, and if the domestic crude or unfinished oils are processed in the licensee's refinery or petrochemical plant. Canadian imports may only be exchanged for other Canadian imports, in which case the Canadian imports obtained in the exchange must be processed in the licensee's own facility." 3. Subparagraph (1)(i) of paragraph (a) of section 3 is amended to read as follows: " (a)(1) Effective May 1, 1973, the Administrator shall, by regulation, establish a system of fees for licenses issued under allocations of

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