Text of Anglo-Argentine Agreement Published: "Frozen" British Credits Meee Tandon, May 2.
The text, was published to-night of the Anglo-Arge terday by "Dr, Guilio President of Argentina avd'h the special Argentine mission Britain, "und the President of the Board of Trade, Mr. Walter Runcimar.
"Subjects dealt with in the Convention are the treatment of the Argentine meat, the exchange position in the Argentine and the tariff treatment of the goods of Doth countii Britain will not. restrict, her imjerts of Argentine chilled beet yelow the quantity permitted in the agreements signed after the Imperial Economic Conference at 'Ottawa, unless it is necessary to so'in' order to maintain a remunerative price level. Even then, she will only make such Yestrietion after consulting the Argentine Government. and the reduction shall not exceed ten per cent. below the Ottawa level, unless imports chilled or frozen meat from. the Dominions are also reduced by a percentage equal to the percentage of reduction of Argentine beef, exceeding ten per cent.
There shall" be no restriction in British imports of Argentine frozen beef, mutton and lamb below the Tevels provided for at Ottawa unless imports Zrom the Dominions are Regarding the exchange position, the agreement provides that, afte a deduction of reasonable "sam tuonuay toward che payment of the service of Argentine's public external debts in countries, other than the United 'Kingdom, the full amount of sterling exchange resulting' from "the United" Kingdom Purchases. of "Argentine products will be made available for current Femittances to the United Kingdom.
'Argentine will' maintain on. the free lit coal and other good: resent imported duty free the rates of duty enforced before 1930" on goods on which Britain Suggested reduction of duty.
'As. to, tariffs, a supplementary agreement. containing' provisions a fo the duties and quantitive regula-ions to be applied by each coun-tay to. the other's goods will be concluded as soon og possible, and Swill form an essential part of the Convention, If this supplementary agreement is not concluded 'August 1, nest, the Convention may ended' by either party at one Any dispute which may arise shall, at the request of either party, be submitted to The Hague other buna or procedure, other tribunal or procedure.
'The Convention comes into force ratifications are exchanged; it will remain in force {for three' years and be. terminable fat six months' notice. "The ratificajon will be exchanged in_ London az eatly as possible-—Reater and Wireless, "The New Trade Pact London, May 1.
The recently concluded. trade agreement between Great Britain and Germany" was subjected to] lively criticism in the House of Commons to-day when the President of the Board of Trade, Mr. Walter Runciman, moved a resolution to reduce existing duties affected by the agreement.
Sit Austen Chaniberlain, whose] constituents. in Birmingham con-Sider themselves hard-hit. by the agreement, especially in regard to cheap "German. jewellery, declared that" Great Britain would gain nothing by. the upreement, Consequently, he moved. the adjournment of the House so that all affecttd. interests con Mr. L. 8. An nial" Secretary, a Brigadier-General Sir Wiliam Alexander, sident of tke National Union of Monvfacturers of Great Britain, tions "on specified "Argentine duets, Including aw wool.
'The obstacle to trade' between Grove Britain and Argentine constituted by the £10,000,000 "frozen" British credite in the South American republic has been surmounted fn'the new. trade agreement.
Argentine, during: the year 1993, shall earmark sterling equivalent {0 12,000,000 paper pesos to provide ash payment to holders of frozen balances, while large. frozen bal ances wil be dealt with by a fund.
scheme, under "which "Argen-fine wil issue twenty-year steri ing bonds, bearing interest at fou per cent," in exchange for "frozn pesos.
With, regard to customs duties, Argentine will revert generally to
Text read from the printed page and cleaned; old type leaves the occasional error.