Page:United States Statutes at Large Volume 49 Part 2.djvu/1954

3960 RECIPROCAL TRADE-CANADA. November 15.1935. Agreement, supplementary proclamation, and related notp-s between the United States oj America and the Dominion oj Canada respecting reciprocal trade. Signed at IVashington, November 15, 1935; pro- claimed, December 2, 1935; ratified by Hi.'l Majesty in respect oj Canada, April 20, 1.936; proclamation and ra~ijication exchanged at Ottawa, Alay 14, 1.936; supplementary proclamation by the Presi- dent, May 14,1.936; article.'l I, III, and IF applied on and ajter January 1, 1936; entire agreement effective Alay 14, 1936. By THE PRESIDENT OF THE UNITED STATES OF AMERICA A PROCLAMATION ~:;tOC:lth t~a~~ WHEREAS it is provided in the Tariff Act of 1930 of the Congress sd~Oa. 46. p. 71l!; Vol. of the United States of America, as amended by the Act of June 12, 48\f.l 4 t.. p. 879. 1934, entitled "AN ACT To Amend the Tariff Act of 1930" (48 Stat. Btatut ory provi- sions. 943), as follows: "Sec. 350. (a) For the purpose of expanding forei~ markets for t,he products of the United States (as a means of assistlllg in the pres- ent emergency in restoring the AmericJtn standard of living, in over- coming domestic unemployment and the present economic depression, in increasing the purchasing power of the Americl1n public, and· in establishing and maintaining a better relationship among various branches of American agriculture, industry, mining, and commerce) by regulating the admission of foreign goods into the United States ill accordance with the characteristics and needs of various branches of American production so that foreign markets will be made available to those branches of American production which require ;,\nd are capable of developing such outlets by affording corresponding market opportunities for foreign products in the United States, the President, whenever he finds as a fact. that any existing duties or other import restrictions of the United States or any foreign country are unduly burdening and restricting the foreign trade of the United States and that the purpose above declared win be promoted by the means herein- after specified, is authorized from time to time- "(1) To enter into foreign trade agreements with foreign govern- ments or instrumentalities thereof; and. "(2) To proclaim such modifications of existing duties and other import restrictions, or such additional import restrictions, or such continuance, and for such minimum periods, of existing customs or oxcise treatment of any article covered by foreign trade agreements, as are required or appropriate to carry out any foreign trade agree- ment that the President has entered into hereunder. No proclama- tion shall be made increasing or decreasing by more than 50 per centum any existing rate of duty or transferring any article between the dutiable and free lists. The proclaimed duties and other import restrictions shall apply to articles the growth, produce, or manu- facture of all foreign countries, whether imported directly, or indi- rectly: Provided, That the President may suspend the application to articles the growth, produce, or manufacture of any count.ry because of its discriminatorv treatment of American commerce or because