MAKING PUBLIC THE ACCEPTANCE OF THE INTERNATIONAL WHEAT AGREEMENT FOR THE REPUBLIC OF THE PHILIPPINES, SUBJECT TO CERTAIN RESERVATIONS.

WHEREAS, an International Wheat Agreement was
opened for signature in the English and French languages, at Washington, D. C,
until April 15, 1949, and signed by the authorized representatives of forty-two
countries, including the Philippines;

WHEREAS, the objectives of the said Agreement are
to assure supplies of wheat to importing countries and to guarantee markets to
exporting countries at equitable prices;

WHEREAS, the Senate of the Philippines, by its
Resolution No. 12, adopted on February 15, 1950, has given its concurrence to
the acceptance by the President of the Philippines of the International Wheat
Agreement, with the understanding that nothing contained in the Agreement shall
be construed as in any way curtailing or abridging the right, authority and
discretion of the Philippine Government to distribute and allocate among the
private importers in the Philippines the guaranteed purchases of the Philippine
Government;

WHEREAS, the said Agreement was duly accepted by
the President of the Philippines, subject to the understanding contained in the
resolution of concurrence of the Senate of the Philippines and the instrument
of acceptance of the Government of the Republic of the Philippines embracing
the said understanding, was deposited with the Government of the United States
of America on February 27, 1950; and

WHEREAS, pursuant to Article XX of the Agreement,
the said Agreement will come into force with respect to the Government of the
Republic of the Philippines on the date of deposit of its instrument of
acceptance, to wit, on February 27, 1950;

NOW, THEREFORE, be it known that I, Elpidio
Quirino, President of the Philippines, in pursuance of the aforesaid
concurrence of the Senate of the Philippines and subject to the understanding
that nothing contained in the Agreement shall be construed as in any way
curtailing or abridging the right, authority and discretion of the Philippine
Government to distribute and allocate among the private importers in the
Philippines the guaranteed purchases of the Philippine Government, do hereby
make public the acceptance of the Government of the Republic of the Philippines
of the International Wheat Agreement, a certified copy of which is hereto
attached, which was open for signature in the, English and French languages at
Washington, D. C., until April 15, 1949, and had been signed by the authorized
representatives of forty-two countries, including the Philippines, to the end
that the same and every article and clause thereof may be observed with good
faith by the Republic of the Philippines and the citizens thereof.

IN TESTIMONY 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 Baguio, this 17th day of
March, in the year of Our Lord, nineteen hundred and fifty, and of the
Independence of the Philippines, the fourth.

ELPIDIO QURINO
President of the Philippines

By the President:
TEODORO EVANGELISTA
Executive Secretary

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