54 STAT.] GREAT BRITAIN-RECIPROCAL TRADE-NOV. 17, 1938 Taking into account the absence of any restriction upon the settle- ment of commercial obligations arising out of such relations; Have resolved to conclude a Trade Agreement and have appointed for this purpose as their Plenipotentiaries: The President of the United States of America: Mr. Cordell Hull, Secretary of State of the United States of America; and His Majesty the King of Great Britain, Ireland and the British Dominions beyond the Seas, Emperor of India: For Great Britain and Northern Ireland: The Right Honorable Sir Ronald Charles Lindsay, G. C. M . G., K. C. B ., C. V. 0 ., his Ambassador Extraordinary and Plenipotentiary at Washington, and Arnold Edersheim Overton, Esquire, C. M. G., M. C., a Second Secretary in his Board of Trade; Who, having communicated to each other their full powers, found in good and due form, have agreed as follows: ARTICLE I The territories to which this Agreement shall apply are, on the part of the United States of America, the continental territory of the United States of America and such of its territories and possessions as are included in its customs territory on the day of the signature of this Agreement; and, on the part of His Majesty the King of Great Britain, Ireland and the British Dominions beyond the Seas, Emperor of India (hereinafter referred to as His Majesty the King), Great Britain and Northern Ireland, Newfoundland, the British non-self- governing Colonies, Protectorates and Protected States (except the High Commission Territories in South Africa, namely, Basutoland, Bechuanaland Protectorate and Swaziland, and excluding any territories in the region of the Persian Gulf) and the Mandated Territories of Palestine including Trans-Jordan, the Cameroons under British Mandate, Tanganyika Territory and Togoland under British Mandate. The provisions of this Agreement relating to most- favored-nation treatment shall apply, however, to all territories under the sovereignty or authority of the United States of America, other than the Panama Canal Zone. ARTICLE II 1. Articles the growth, produce or manufacture of the territories of either High Contracting Party shall not be subjected, upon im- portation into the territories of the other, from whatever place arriving, to other or higher duties or charges of any kind or to any rules or formalities other or more burdensome than those to which the like articles the growth, produce or manufacture of any other foreign country are subject. 2. Articles exported from the territories of either High Contracting Party to the territories of the other shall not be subjected to other or higher duties or charges of any kind or to any rules or formalities other or more burdensome than those to which the like articles exported to any other foreign country are subject. 3. Any advantage, favor, privilege or immunity which has been or may hereafter be granted in the territories of either High Con- tracting Party in respect of any article originating in or destined for any other foreign country in regard to customs duties and other 1899 Plenipotentiaries. Territoriesembraced. Most-favorod-nation treautmuot.
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