countries the world demand is now assumed to be 560,000,000 bushels in place of 750,000,000. 2. The relative failure of crops in North America have resulted in the following changes: The Canadian crop is now estimated at 300 million bushels which after allowing for domestic requirements leaves an exportable surplus of 183,000,000 bushels. The figure of 75,000,000 bushels allowed to meet the requirements of other exporters has to be amended upwards to 100,000,000 bushels. The 1933 crop in the U.S.A. is now estimated at 500,000,000 bushels. The estimated surplus stocks in the U.S.A. are now taken as being 261,000,000 instead of 240, while those in Canada are taken as being 179,000,000 in place of 140,000,000. In order to meet the altered situation the four oversea exporting countries are prepared tentatively to adjust their respective allocations in the following ways. The U.S.A. will accept an export quota of 45,000,000 bushels being roughly 82% of the estimated world import demand. Canada will receive an export allocation of 200,000,000 bushels. The position in regard to Argentina and Australia is as follows:These countries have been allotted export quotas for the crop years 1933-34 and 1934-35 of 258,000,000 bushels in the case of Argentina and 255,000,000 bushels in the case of Australia. Since it is impossible to estimate the actual crops in the Southern Hemisphere for at least two months, and since present reports of crop growth are not wholly favourable in either country, Argentina and Australia are prepared to undertake not to export more than for Argentina 110,000,000 bushels and Australia 105,000,000 bushels of the above export quotas prior to July 31st, 1934. The Argentine Delegation declared that they subscribed to this agreement on the understanding that the distribution of the surplus export of the harvest of 1933-34 was that already fixed under letter (b) of the Draft approved by the exporting countries during the Economic and Monetary Conference; but up to the 31st July, 1934. the exports would not exceed 110,000,000 bushels. The balance would be exported during the following months, and, if necessary. would be added to the harvest of 1934–35: which exportable balance is fixed at 108,000,000 bushels until the end of this Agreement. This note of agreement between the Oversea Exporting Countries is initialled on the understanding that the export quota of the U.S.A. for the crop year 1933-34 is 47,000.000 bushels. 1 Originally typed as 47,000,000 but altered to 45,000,000 by Bennett on signing. See final paragraph. [Footnote on advance copy.] RECENT PUBLICATIONS During September, 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.: Chinese Courts in the International Settlement at Shanghai: Agreement Extending the Duration of the Agreement and Attached Notes of February 17, 1930, by Diplomatic Representatives in China of the United States of America, Brazil, France, Great Britain, Netherlands, and Norway, with the Minister for Foreign Affairs of China, effected by exchange of notes signed February 8, 11, and 12, 1933, and Unilateral Declaration Renewing the Unilateral Declaration of February 17, 1930, signed February 8, 1933. Publication No. 501. (Executive Agreement Series, No. 45.) 5 pp. 5¢. Friendship, Commerce, and Consular Rights: Treaty between the United States of America and Poland, signed June 15, 1931, proclaimed July 10, 1933; and Agreement concerning Proof of the Origin of Imported Merchandise Effected by Exchange of Notes Provided for in the Tenth Paragraph of Article VI of the Treaty. (Treaty Series, No. 862.) 40 pp. 56. |