MAKING PUBLIC THE INTERNATIONAL AGREEMENT FOR THE REGULATION OF THE PRODUCTION AND MARKETING OF SUGAR, 1953

WHEREAS, the International Agreement for the
Regulation of the Production and Marketing of Sugar, which was adopted by the
Sugar Conference convoked by the United Nations in London from July 13 to
August 24, 1953, to take the place of the Sugar Agreement of 1937, was signed
by the authorized representatives of the Philippines and twenty-three other
countries;

WHEREAS, Article 41 (2) of the aforementioned
Agreement provides that it shall be subject to ratification or acceptance by
the signatory Governments in accordance with their respective constitutional
procedures and that the instruments of ratification or acceptance shall be deposited
with the Government of the United Kingdom of Great Britain and Northern
Ireland;

WHEREAS, the Senate of the Congress of the
Philippines, by its Resolution No. 8, adopted on April 8, 1954, concurred in
the ratification of the said International Sugar Agreement subject to the
following reservation: “That in case the Executive Agreement between the United
States of America and the Republic of the Philippines whereby the latter is
allowed to export to the former 850,000 long tons of sugar duty free is abrogated,
the Philippines will seek a revision of this treaty to protect its own
interest”; and

WHEREAS, the Republic of the Philippines formally
ratified the said Agreement subject to the reservation above quoted, and
deposited her instrument of ratification on May 1, 1954, with the Government of
the United Kingdom of Great Britain and Northern Ireland;

NOW, THEREFORE, be it known that I, Ramon
Magsaysay, President of the Philippines, have caused the said Agreement, a copy
of which is hereto attached, to be made public to the end that the same, and
every article and clause thereof may be observed and fulfilled with good faith
by the Republic of the Philippines and the citizens thereof, subject to the
aforesaid reservation.

IN WITNESS WHEREOF, I have hereunto set my hand
and caused the seal of the Republic of the Philippines to be affixed.

Done in the City of Manila, this 17th day of
October, in the year of Our Lord, nineteen hundred and fifty-five, and of the
Independence of the Philippines, the tenth.

RAMON MAGSAYSAY
President of the Philippines

By the President:
FRED RUIZ CASTRO
Executive Secretary