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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

Liberia,   pp. 785-857 PDF (27.0 MB)

Page 796

  Article IX Page 2-fourth line-after the word "period" add
"provided one of the High Contracting Parties shall accord to the
other High Contracting Party similar reciprocal considerations as
may be granted by any third country.["]
  For the sake of clarity it is suggested that page 2-sixth line, after
the word "shall" on the sixth line add "by import licenses"
and after
the word "interest" on ninth line delete all that follows up to
the word
"unless" on tenth line.
  Article X What does the term "non-commercial transactions" de-
note? See second line from bottom of sheet.
  Article XIV  Approved to word "cargo" on eighth line. Delete
thereafter. Apart from the fact that this article would appear to be
in violation of the most favoured nation clause in treaties entered
into by this Country with other countries, it tends to infringe existing
Loan Agreement relative to this Government not undertaking any
obligation tending to decrease current revenues. Port and harbor
dues appreciably contribute to the country's revenues.
  Article XVIII It is suggested that in lieu of the draft submitted in
respect of limited liability and other Corporations and Associations,
the following be substituted-"the juridical status of limited liability
and trading corporations including industrial, financial, insurance,
traffic and transport corporations, which have been or which may
hereafter be organized in accordance with the laws of either High
Contracting Party, and having their head office within the territory
of either of the High Contracting Parties, shall be recognized by the
other High Contracting Party. They shall be entitled to exercise
their business and rights within the territory of either of the High
Contracting Parties, provided they pursue no aims within its territory
contrary to its laws or detrimental to the State. They shall enjoy
free access to the courts of justice on complying with the laws regulat-
ing the matter, as well for the prosecution as for the defense of their
  Article XXI Tenth line after the word "Territories" add "or
areas as may be excluded from visit by law, military order or other
  Paragraph 2, after the word "matter" on fourth line add "higher
than that imposed upon the most favoured nation."
  Paragraph 3, should be substituted by the following-"It is under-
stood that all goods in transit through the territory of Liberia and
all goods in transit through the territory of the United States of
America when warehoused or otherwise stored shall be subject to
storage charges."
Suggested additions by the Liberian Government
  Article XXVI Should any dispute arise as to the interpretation
or application of the present Treaty, the matter shall at the request of
either High Contracting Party be submitted to a court of arbitration
for settlement. This shall apply also to the preliminary question of
whether the dispute refers to the interpretation or the application of
the Treaty. The decision of the court of arbitration shall have
binding force.
  For every case of dispute the court of arbitration shall be formed
in the following manner:-each of the High Contracting Parties shall

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