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United States Department of State / Foreign relations of the United States diplomatic papers, 1937. The British Commonwealth, Europe, Near East and Africa
(1937)

Liberia,   pp. 785-857 PDF (27.0 MB)


Page 792


FOREIGN RELATIONS, 1937, VOLUME II
the total quantity of such article permitted to be imported or sold
during a quota period of not less than three months shall have been
established, and unless the regulations covering the issuance of such
licenses or permits shall have been made public before such regulations
are put into force.
                           ARTICLE X
  If either High Contracting Party establishes or maintains, directly
or indirectly, any form of control of the means of international pay-
ment, it shall, in the administration of such control:
  (a) Impose no prohibition, restriction, or delay on the transfer of
payment for imported articles the growth, produce, or manufacture
of the other High Contracting Party, or of payments necessary for
and incidental to the importation of such articles;
  (b) Accord unconditionally, with respect to rates of exchange and
taxes or surcharges on exchange transactions in connection with pay-
ments for or payments necessary and incidental to the importation of
articles the growth, produce, or manufacture of the other High Con-
tracting Party, treatment no less favorable than that accorded in
connection with the importation of any article whatsoever the growth,
produce, or manufacture of any third country; and
  (c) Accord unconditionally, with respect to all rules and formali-
ties applying to exchange transactions in connection with payments
for or payments necessary and incidental to the importation of arti-
cles the growth, produce, or manufacture of the other High Contract-
ing Party, treatment no less favorable than that accorded in
connection with the importation of the like articles the growth, prod-
uce, or manufacture of any third country.
  With respect to non-commercial transactions, each High Contract-
ing Party shall apply any form of control of the means of interna-
tional payment in a non-discriminatory manner as between the
nationals of the other High Contracting Party and the nationals of
any third country.
                           ARTIcix XI
  In the event that either High Contracting Party establishes or
maintains a monopoly for the importation, production or sale of a
particular commodity or grants exclusive privileges, formally or in
effect, to one or more agencies to import, produce or sell a particular
commodity, the High Contracting Party establishing or maintaining
such monopoly, or granting such monopoly privileges, agrees that
in respect of the foreign purchases of such monopoly or agency the
commerce of the other High Contracting Party shall receive fair
and equitable treatment. To this end it is agreed that in making its
foreign purchases of any product such monopoly or agency will be
influenced solely by those considerations such as price, quality, mar-
ketability, and terms of sale, which would ordinarily be taken into
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