3460 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. (2) at any time no IATA machinery is applicable, or (3) if either Contracting Party ay any time withdraws or fails to renew its approval of that part of the IATA traffic con- ference machinery relevant to this Section. Preventioniof fair (f) In the event that power is conferred by law upon the aero- nautical authorities of the United States to fix fair and economic rates for the transport of persons and property by air on international services and to suspend proposed rates in a manner comparable to that in which the Civil Aeronautics Board at present is empowered to act with recpect to such rates for the transport of persons and property by air within the United States, each of the Contracting Parties shall thereafter exercise its authority in such amnner as to prevent any rate or rates proposed by one of its carriers for services from the territory of one Contracting Party to a point or points in the territory of the other Contracting Party from becoming effective, if in the judgment of the aeronautical authorites of the Contracting Party whose air carrier or carriers is or are proposing such rate, that rate is unfair or uneconomic. Noticetof dpisat If one of the Contracting Parties on receipt of the notification faction with proposed ra te. referred to in paragraph (d) above is dissatisfied with the rate pro- posed by the air carrier or carriers of the other Contracting Party, it shall so notify the other Contracting Party prior to the expiry of the first fifteen of the thirty days referred to, and the Contracting Parties shall endeavour to reach agreement on the appropriate rate. In the event that such agreement is reached, each Contracting Party will exercise its statutory powers to give effect to such agreement. vRateetlve pro If agreement has not been reached at the end of the thirty day period referred to in paragraph (d) above, the proposed rate may, unless the aeronautical authorities of the country of the air carrier concerned see fit to suspend its application, go into effect provisionally pending the settlement of any dispute in accordance with the pro- cedure outlined in paragraph (h) below. (g) Prior to the time when such power may be conferred by law upon the aeronautical authorities of the United States, if one of the Contracting Parties is dissatisfied, with any rate proposed by the air carrier or carriers of either Contracting Party for services from the territory of one Contracting Party to a point or points in the territory of the other Contracting Party, it shall so notify the other prior to the expiry of the first fifteen of the thirty day period referred to in paragraph (d) above, and the Contracting Parties shall endeavour to reach agreement on the appropriate rate. In the event that such agreement is reached each Contracting Party will use its best efforts to cause such agreed rate to be put into effect by its air carrier or carriers.
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