INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [58 STAT. The American Ambassador to the Venezuelan Minister for Foreign Affairs EMBASSY OF THE UNITED STATES OF AMERICA No. 1871 CARACAS, September 27, 1944 EXCELLENCY: I have the honor to record in this note that as a result of the con- versations between Your Excellency and the undersigned, it has been agreed between the Government of the United States of America and the Government of the United States of Venezuela that: premium over fed First: The Government of the United States of America, by means of its dependency, the Rubber Development Corporation (successor to Rubber Reserve Company), which hereinafter shall be called "Devel- opment", agrees to pay, or cause to be paid, a net premium of 33-%% over "the fixed price" as set forth in the exchange of notes between Your Excellency and the undersigned under date of October 13, 1942, Ante, p. 1578 . which exchange of notes established "the fixed price" at 45 cents (U. S . Cy.) per pound (Kgs. 0.4536), in the Venezuelan ports of Ciudad Bolivar and Caripito or any other Venezuelan port which may be chosen by mutual agreement for the equivalent of the quality "Upriver Acre Fine" (washed and dried), and of 33 cents (U. S . Cy.) per pound (Kgs. 0 .4536) for the good common quality castilloa "scrap", as it is known in New York, with corresponding differences in price for other types and qualities, said premium to be payable upon rubber which is available for quality inspection or has been inspected by Development at an agreed shipping port and which has been tendered to Development for purchase during the period be- ginning with the date of your acceptance of the proposal herein con- tained and ending March 31, 1945; it being understood that all rubber tendered thereafter to Development shall be purchased in accordance Ante, p. 1578. with Article Fifth of the aforesaid exchange of notes without the payment of the above-mentioned premium, unless our respective governments shall have agreed in writing to a continuance of the pre- mium thereafter. It is expressly understood and agreed that after making appropriate allowances for differences in grades and quality "the fixed price" as applied to weak fine smoked ball on the basis of delivered weights at San Fernando de Atabapo and other established stations in Federal Territorio Amazonas shall be 35 cents (U. S . Cy.) per pound (Kgs. 0.4536). Dstinuance Second: In view of the fact that the aforesaid premium is being paid supplemental pay- Second: In view of the fact that the aforesaid premium is being paid ments. in order (a) to offset increased wages, living costs and other items affecting the cost of rubber production; and (b) to provide a stimulus to maximum production, it is understood and agreed that Develop- ment shall discontinue at the earliest practicable date all supplemental payments such as food and recruiting bonuses or other contributions heretofore made by it. However, Development shall continue to furnish, during the period of the premium payment herein provided for, facilities for transporting rubber on the Orinoco River to Sanariapo and Morganito. It is understood that the Venezuelan Government, during the period of the premium payment herein provided for, shall
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