New-York tribune., 1920-12-29
Bel Isiuln Arranses
For Trade Treaty
Will, BraziIians
Belgian Government Will
Receive Credit of About
Sl4,25O,O0O To Be Spent
for Products OF Brazil

The terms of commercial treaty
concluded between Brazil and Belgium
have been reported to Inc Department
of Commerce. It was recently an
nounoed that preferential reductions in
duty had been extended on certain Bel
gian products on importation into
Brazil. The provisions o. the treaty
are as follows:
I. The Brazilian government, through
the Bank of Brazil IS its intermediary
will open credit for the Belgian gov
ernment up to the sum of 100000 contos
Of reis, in paper money about S14,-
25o,o00 at present rate of exchange, to
be employed in accordance with the
Brazilian laws covering expectations. Tor
the purchase Of cereals, dried or refriger-
ated meat, lard, coffee rubber. cacao.
cotton sugar and other Brazilian prod
ucts for which there is q demand in
Belgium. the purchases to be made in
accordance with the necessities OF the
latter country and at the discretion of
its government.
II. Expenses for freight, insurance, or
otner chaIges, relative, 10 the transport
t&ton OF the products mentioned in the
preceding clause. viii accrue for the ac-
count OF the Belgian government which
Will llQuidate them but these charges
ray De paid by the Bank o. Brazil By
Inc same process IS thai employed with
merrhard disc
III. Payments in excess Of 5000
contos OF reis, which are to be met by
Ehe Bank of Brazil, must be preceded
oy siX-day notice
~ The Belgian govel amcnt, in pro-
portion to its purchases Of Brazilian
products Will mark to the credit of the
Brazilian government in a current ac-
count which will be opened for it in
the books o. the Banque Nationale de
belgique in Brussels, the amount in
Belgian francs at the exchange of the
day correspond -Ag to the sum paid in
paper IN Rio de Janeiro.
Y. As long as the credit Of 100000
contos Of reis lasts tn. available balance
Of this account win be put entirely at
the disposition OF the Brazilian govern
ment for the purchase Of merchandise
in Belgium and the payment Of the
debts Of Brazil. which also have to be
iiquidated in Belgium III the money
Of me country.
VI. The current account VIII draw
interest at s per cent per annum ana
vail be calculated semi annually during
perod Of two years, at the end Of
which time liquidation VIII he made cf
the balance belonging to either of the
TWO governments and payment immedi-
ateiy made. This liquidation Will be
calculated on the current rate Of eX-
change for the money OF the two coun-
tries, the valLe Of Belgian francs to
be deducted from the total sum in
contos Of reis paid for Tie account Of
Belgium.
If the amount thus balanced should
exceed the total OF the credit opened
To Brazil in accordance tn Clause "
the current account o. the Brazilian
government shau 5c credited for the
difference ard In tie contrary case
deDited, the balance then being lqui-
GATED
VII. Whenever possible, Brazilian
ships shah have the preference FOR the
trans porCation Of the merchandise ac-
quired in Brazil, and likewise Belgian
ships shall have the preference for
merchandise which may be imported
from Belgium b. Brazil under the pres
cnt treaty.
VII Any legal difficulty arising from
the execution Of this treaty in con
roction with the purchase of the Bra
z!lian products in Brazil shall be set
lied by the Brazilian courts and in
IKE manner all lcoal difficulties con
cerninQ the purchase Of merchandise
in Belgium shall be settled by the Bel
Ylar rOurt.