54 STAT.] LIBERIA-FRIENDSHIP, COMMERCE, ETC.-AUG. 8, 1938 from a customs union to which either High Contracting Party may become a party so long as such advantages are not extended to any other country. The stipulations of this Treaty do not extend to advantages now accorded or which may hereafter be accorded by the United States of America, its territories or possessions or the Panama Canal Zone to one another or to the Republic of Cuba. The provisions of this paragraph shall continue to apply in respect of any advantages now or hereafter accorded by the United States of America, its territories or posses- sions or the Panama Canal Zone to one another, irrespective of any change in the political status of any of the territories or possessions of the United States of America. ARTICLE XXIII Subject to any limitation or exception hereinabove set forth, or hereafter to be agreed upon the territories of the High Contracting Parties to which the provisions of this Treaty extend shall be under- stood to comprise all areas of land and water over which the Parties, respectively, claim and exercise dominion as sovereign thereof, except the Panama Canal Zone. ARTICLE XXIV The present Treaty shall come into force in all of its provisions on the day of the exchange of ratifications and shall continue in force for the term of five years from that day. If within one year before the expiration of five years from the date on which the present Treaty shall come into force, neither High Con- tracting Party notifies to the other Party an intention of terminating the Treaty upon the expiration of the aforesaid period of five years, the Treaty shall remain in full force and effect after the aforesaid period and until one year from such a time as either of the High Contracting Parties shall have notified to the other Party an intention of terminating it. The present Treaty shall, from the date of the exchange of ratifica- tions, be deemed to supplant the Treaty of Commerce and Navigation between the United States of America and Liberia, concluded at London on October 21, 1862. ArTCLE XXV The present Treaty shall be ratified, and the ratifications thereof shall be exchanged at Monrovia as soon as possible. In witness whereof the respective Plenipotentiaries have signed the present Treaty and have affixed their seals thereto. Done in duplicate, at Monrovia, this eighth day of August nine- teen hundred and thirty eight. [SEaL] LETER A. WALTON [SrAL] C. L. SIMPSN 1749 Advantages granted by U. S. to its terri- tories, etc., or to Cuba. Areas affected. Effective date; du- ration. Termination. Former treaty sup- planted. 12 stat. 1245. Ratification. Signatures.
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