terests, a concordant policy directed toward promoting effective collaboration among the European States and particularly among Italy, Austria, and Hungary.

To that end the three Governments will proceed to joint consultation whenever at least one of them shall deem it advisable.

IN FAITH OF WHICH they sign the present Protocol, drawn up in three original copies in the Italian language, the German language, and the Hungarian language respectively. In case of divergency the Italian text shall be valid.

DONE at Rome on March 17th, 1934.

PROTOCOL II OF MARCH 17, 1934, BETWEEN ITALY, AUSTRIA, AND HUNGARY FOR THE DEVELOPMENT OF ECONOMIC RELATIONS*

THE GOVERNMENTS OF ITALY, AUSTRIA, and HUNGARY, animated by a desire to develop economic relations between Italy and Austria, Italy and Hungary, and Austria and Hungary, by stimulating the exchange of their products and in this manner opposing unsound tendencies toward economic autarchy, and to facilitate through concrete measures the economic rehabilitation of the Danubian States, in harmony with the spirit of the conclusions of the Stresa Conference and with the principles contained in the Danubian Memorandum presented by Italy under the date of September 29th, 1933, have agreed as follows:

ARTICLE 1

The Governments of Italy, Austria, and Hungary undertake to broaden the scope of the agreements now in force, increasing facilitations for their reciprocal exports and in this manner utilizing more advantageously the complementary characters of their respective national economies. For this purpose further bilateral accords shall be concluded prior to May 15, 1934.

ARTICLE 2

The Governments of Italy, Austria, and Hungary undertake to adopt the necessary measures to surmount the difficulties resulting to Hungary from the drop in wheat prices.

The appropriate agreements shall be concluded as soon as possible and in any case prior to May 15, 1934.

ARTICLE 3

The three Governments undertake to facilitate and develop to the utmost transit movements in the Adriatic ports. For this purpose bilateral agreements shall be concluded as soon as possible.

ARTICLE 4

The three Governments shall create a Permanent Commission of three Experts delegated to study the conditions of the trade relations of the three countries and to draw up concrete proposals susceptible of bringing about a greater development of such relations in the spirit of this protocol.

The present Protocol is drawn up in three copies, in the Italian language, the German language, and the Hungarian language respectively.

In case of divergency the Italian text shall be valid.

IN FAITH OF WHICH the Chiefs of Government of Italy, Austria, and Hungary sign the present Agreement.

DONE at Rome on March 17th, 1934.

PROTOCOL III OF MARCH 17, 1934, BETWEEN ITALY AND AUSTRIA, COMPLEMENTARY TO THE PROTOCOL BETWEEN ITALY, AUSTRIA, AND HUNGARY FOR THE DEVELOPMENT OF ECONOMIC RELATIONS 5

THE ROYAL GOVERNMENT OF ITALY
and

THE GOVERNMENT OF THE FEDERAL REPUBLIC OF AUSTRIA,

proceeding upon the basis of past experience, which has proved their national economies to be in great measure complementary, have decided to take a further step to develop and intensify the economic relations between the two countries.

To this end they have agreed as follows:

ARTICLE 1

Negotiations shall be opened on April 5, 1934, between the two Governments for the conclusion of a new agreement directed toward extending and adapting to present circumstances the economic agreements existing between the two countries.

The new agreement shall be concluded as soon as possible and in any case prior to May 15th, 1934.

'Translation by the American Embassy at Rome.

ARTICLE 2

The following conditions are hereby established for the agreement mentioned in the foregoing article:

the concession of preferential treatment for the largest possible number of products originating in and shipped from Austria for importation into Italy;

as regards the foregoing clause, the two contracting parties will duly respect the necessity of keeping such concessions within reasonable bounds according to the principle set forth in paragraph c) of Article 11 of the Danubian Memorandum presented by Italy under date of September 29th, 1933;

prior to May 15th, 1934, two lists shall be compiled, one of which will specify products for which the concession of customs preferences may be facilitated through agreements previously concluded between the interested producers of the two countries, and the other will comprise products for which concessions shall be considered applicable without any understanding among the said producers; as regards products included in the first list, the two Governments agree to take the necessary measures to hasten and facilitate the conclusion of industrial accords.

The present Protocol is drawn up in two copies, in the Italian language and the German language respectively. In case of divergency, the Italian text shall be valid.

IN FAITH OF WHICH, the Chiefs of the two Governments have signed the present Protocol.

DONE at Rome on March 17th, 1934.

RECENT PUBLICATIONS

During April, the following publications of direct interest in connection with Treaty Information were released by the Department of State and may be secured from the Superintendent of Documents, Government Printing Office, Washington, D.C.:

Rectification of the Rio Grande: Convention between the United States of America and Mexico. Signed February 1, 1933; proclaimed November 13, 1933. (Treaty Series, No. 864.) 56 pp. including 5 exhibits. 20¢.

Relief from Double Income Tax on Shipping Profits: Arrangement between the United States of America and the Irish Free State, effected by exchange of notes signed August 24, 1933, and January 9, 1934. Publication No. 579. (Executive Agreement Series, No. 56.) 2 pp. 54.

Relations between the United States and Cuba: Address by the Honorable Sumner Welles, Assistant Secretary of State, before the Young Democratic Clubs of America, District of Columbia Division, Washington, March 29, 1934. Publication No. 577. (Latin American Series, No. 7.) 16 pp. 5¢. Tariff Bargaining: Radio Address by the Honorable Francis B. Sayre, Assistant Secretary of State, March 26, 1934. Publication No. 574. 9 pp. 5.